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20 Centavos

Issuer Municipal Treasury of Bantayan
Year 1942-1944
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Currency Peso (1941-1945)
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Obverse lettering CREDIT NOTE THE MUNICIPAL TREASURY OF BANTAYAN WILL PAY THE BEARER ON DEMAND TWENTY CENTAVOS IN LAWFUL CURRENCY 20 CENTAVOS 20 Mun. Mayor Mun. Treas.
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Reverse lettering CENTAVOS Credit Note 20 TWENTY 20 Not valid outside of BANTAYAN CEBU
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Comments

Bantayan is a small island municipality in Cebu Province, and like dozens of Philippine local governments during the Japanese occupation, its treasury issued emergency guerrilla or civilian currency when the pre-war Commonwealth peso became impossible to obtain. These municipal scrip issues were authorized under desperate circumstances — sometimes by local officials acting with thin legal backing, sometimes under direct military pressure — and printed on whatever paper was available, frequently with typewriters, rubber stamps, or hand lettering.

Survival rates are unpredictable. Island communities faced particular isolation, and many of these notes were redeemed, destroyed, or simply lost before any systematic collecting began.

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