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10 Pesos

Issuer Negros Emergency Currency Board
Year 1944
Type Standard circulation banknote
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Obverse lettering Negros Emergency Currency Certificate
Issued by authority of the President of the Philippines
This certifies that the Commonwealth of the Philippines will redeem this certificate at face value upon termination of emergency.
SERIES OF 1944
TEN PESOS
Payable to the bearer on demand in silver pesos or in legal tender currency of the
Negros Emergency Currency Board
Actg. Treasurer MEMBER
Governor CHAIRMAN
Prov. Auditor MEMBER
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Reverse lettering 10
PESOS
Ten Philippines Pesos
10
PESOS
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Comments

The Negros Emergency Currency Board was one of several provincial bodies that issued guerrilla currency in the Philippines during the Japanese occupation. These notes were produced under direct threat — Japanese forces actively sought out and destroyed guerrilla printing operations, and possession of this currency could mean execution. The Negros issues were backed, at least nominally, by the provincial government's remaining assets and the promise of post-liberation redemption by the United States.

Redemption did eventually occur. After liberation, the U.S. Army and the Philippine Commonwealth honored most recognized guerrilla issues, though claimants had to prove authenticity against a flood of postwar forgeries and opportunistic backdated printings.

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