2 Pesos

Macrohon is a small coastal municipality on the southern tip of Leyte, and its wartime scrip belongs to the broader phenomenon of Filipino local emergency currency issued after the Japanese occupation disrupted the prewar Commonwealth monetary system. Hundreds of Philippine municipalities, provinces, and guerrilla commands printed their own notes between 1941 and 1945, varying wildly in quality — some lithographed, others typewritten or rubber-stamped on whatever paper was available.

Municipal issues from small Leyte towns are among the more elusive in this category, with survival rates heavily dependent on whether the issuing community was overrun before notes could be redeemed or destroyed.