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20 Centavos
| Issuer | Municipality of Loon |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TWENTY CENTAVOS THE MUNICIPALITY OF LOON WILL REDEEM THIS CERTIFICATE OF 1944 TWENTY CENTAVOS PAYABLE TO THE BEARER ON DEMAND MEMBER CHAIRMAN MEMBER |
| Reverse description | Plain ruled paper reverse, entirely unprinted save for multiple handwritten cursive signatures in blue ink applied across the face of the note, consistent with counter-signatures or authentication endorsements applied at the time of issue. |
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| Comments |
Loon is a small municipality on the island of Bohol in the central Philippines. During the Japanese occupation, the national currency system had collapsed in practical terms across the islands, and local governments — municipalities, provinces, guerrilla administrations — issued their own emergency notes to keep local commerce functioning. The Loon 20 Centavos is one of hundreds of such hyper-local issues from 1944, the peak year of this improvised monetary activity in the Philippine provinces.
Bohol's guerrilla resistance remained unusually organized throughout the occupation, and the line between official municipal authority and resistance-linked administration was often deliberately blurred on these notes.