20 Centavos

Dimiao is a municipality in Bohol province, the Philippines. Change boards — locally organized bodies issuing fractional guerrilla or emergency currency — proliferated across Bohol and neighboring islands during the Japanese occupation after conventional coinage and small denominations became impossible to obtain. The Dimiao Change Board operated at the municipal level, meaning this note was likely authorized by local officials and circulated within a tight geographic radius.

1944 places it in the later occupation period, when the Philippine guerrilla monetary network was already extensive and the return of MacArthur was months away. Notes from municipal-level Bohol issuers survive in smaller numbers than provincial issues — the production runs were short and the paper fragile.