20 Centavos

The Philippine National Bank's network of provincial emergency notes issued during the Japanese occupation represents one of the more fragmented currency stories of the Pacific War. By mid-1942, Japanese military scrip was being pushed into circulation but local agencies were still producing their own fractional notes to address the near-total breakdown of small-denomination coinage. Misamis Occidental, on the northern coast of Mindanao, was among the more active provincial issuers — the three-signature authorization format reflects the agency's attempt to maintain institutional legitimacy under deteriorating conditions.

Mindanao held out longer than Luzon, and some provincial note issues continued into late 1942 before Japanese control forced a halt. The three signatories — Pacana, Nolasco, and Barbasa — were local bank officials, not Manila appointees.