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20 Centavos

Issuer Province of Iloilo
Year 1944
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Shape Rectangular
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Obverse description Letterpress-printed note in dark blue ink on plain paper. The central text states the obligation of the Province of Iloilo to pay the bearer twenty centavos, with the denomination numeral 20 repeated in boxes at left and right margins. A repeating guilloche-style border of the letter 'm' runs along all four edges, with 'CENTAVOS' inscribed along the top and bottom margins and serial number No. 004200 printed vertically on both sides. The lower portion carries countersignatures above the titles 'Actg. Prov. Auditor' and 'Actg. Prov. Treasurer'.
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Reverse description Letterpress-printed reverse in dark blue ink, with the same repeating 'm' guilloche border along all edges and 'CENTAVOS' along the top and bottom margins. The denomination numeral 20 appears in corner boxes at all four corners. The central text block identifies the note as a Provincial Treasury Certificate issued by the Province of Iloilo under the authority of the Governor of Panay and Romblon, with the issue date March 2, 1944.
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Comments

Provincial emergency currency issued during the Japanese occupation of the Philippines, when the military-issued "Mickey Mouse" peso had so thoroughly collapsed in purchasing power that local governments, guerrilla units, and municipal authorities began printing their own scrip to sustain basic commerce. Iloilo Province on Panay Island was among the more organized issuers, producing a range of denominations backed by whatever local authority could still enforce acceptance.

The 1944 date places this note in the occupation's final phase, when American forces were already advancing through the Pacific. Many Philippine provincial emergency notes were deliberately destroyed before liberation to prevent Japanese reprisals against communities caught holding resistance-linked currency.

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