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| Issuer | Mindanao Emergency Currency Board |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Philippine Peso (1903-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TWENTY CENTAVOS This certifies that the Commonwealth Government of the Philippines will redeem this Certificate at face value upon termination of Emergency TWENTY CENTAVOS MINDANAO EMERGENCY CURRENCY BOARD FLORENTINO SAGUIN Chairman F. D. PACANA BARBASA Members Series 1944 |
| Reverse description | Log in to see details |
| Reverse lettering | TWENTY CENTAVOS ISSUED BY THE MINDANAO EMERGENCY CURRENCY BOARD PHILIPPINES This note is redeemable at face value after the emergency and will not be devaluated or discriminated against Counterfeiting of this Note will be severely punished TWENTY |
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| Comments |
The Mindanao Emergency Currency Board was one of several provincial wartime authorities that issued guerrilla currency during the Japanese occupation of the Philippines. These notes circulated in territories where Filipino and American forces maintained resistance, functioning as a deliberate counter to Japanese Military Pesos, which occupation authorities attempted to impose as the sole legal tender. Accepting guerrilla currency was itself an act of defiance — and Japanese forces treated possession of it accordingly.
Mindanao's geography aided circulation. The island's interior was never fully pacified, giving these notes a wider effective reach than many comparable provincial issues from Luzon or the Visayas.
Three signatories appear: Saguin as Chairman, with Pacana and Barbasa serving as board members — an unusually complete signature panel for a guerrilla-issue fractional denomination.