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20 Centavos

Issuer Mindanao Emergency Currency Board
Year 1943-1944
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Value 20 Centavos (0.20)
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Obverse description Black letterpress text on plain paper within a decorative border of scrollwork and corner ornaments. The upper portion carries the series date 1943 and a redemption pledge by the Commonwealth Government of the Philippines, with the denomination TWENTY CENTAVOS in large bold type at centre. Below appears the issuing authority MINDANAO EMERGENCY CURRENCY BOARD, followed by a manuscript signature of the Chairman alongside printed names of board officers FLORENTINO SAGUIN (Chairman), D. PACANA and I. BARBASA (Members), with a serial number at lower right.
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Reverse description Black letterpress text on plain paper enclosed within a rectangular decorative border of repeated ornamental elements and scroll devices. The denomination 20¢ appears in each corner, with TWENTY CENTAVOS in bold type at top centre, the issuing authority and country name below, followed by two clauses in italic script stating the note's redeemability and warning against counterfeiting, and the word TWENTY at the foot.
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Comments

The Mindanao Emergency Currency Board was one of several provincial and local bodies that issued guerrilla currency in the southern Philippines after the Japanese occupation disrupted normal banking. These notes circulated in direct defiance of Japanese military scrip, which occupying forces had declared the only legal tender — possession of guerrilla notes carried real risk for the holder.

The three-signature format — Chairman plus two Members — was typical of the board's accountability structure, unusual for emergency issues of this denomination. Saguin's name appears on the full series range.

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