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| 正面铭文 | TEN PESOS Treasury Emergency Currency Certificate BY AUTHORITY OF THE PRESIDENT OF THE COMMONWEALTH OF THE PHILIPPINES Series 1944 This certifies that the Commonwealth Government of the Philippines will redeem this Certificate at face value upon termination of Emergency TEN PESOS MINDANAO EMERGENCY CURRENCY BOARD F D PACANA Member FLORENTINO SAGUIN Chairman I BARBASA Member |
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| 背面铭文 | TEN PESOS ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES TEN PESOS This note is redeemable at face value after the emergency and will not be devalued or discriminated against Kining sapia-a kailisan sumala sa yyang bili tapus ang kagubut ug dili kakubsan ni kawyran Counterfeiting of this note will be severely punished Mabugat nga silot ipahamtang sa masa kawat pag sundog ning sapia TEN PESOS |
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The Mindanao Emergency Currency Board was one of several provincial and municipal emergency currency authorities that sprang up across the Philippine islands after the Japanese occupation cut off normal banking channels. These notes were produced under guerrilla administration conditions — scarce materials, improvised presses, and real urgency — as a means of sustaining local commerce and, critically, paying guerrilla forces loyal to the Commonwealth government-in-exile.
Pacana, Saguin, and Barbasa signing together places this firmly within a specific administrative chain operating in Mindanao, where Filipino resistance remained organized enough to maintain rudimentary fiscal infrastructure through 1944. Liberation came to the island late — full American control wasn't secured until mid-1945 — so these notes were in active use longer than many comparable guerrilla issues elsewhere in the archipelago.