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20 Pesos

Issuer Negros Emergency Currency Board
Year 1945
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Value 20 Pesos
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Obverse description The obverse is laid out in a simple letterpress format within a decorative border of repeated ornamental devices. The central text reads 'Twenty Pesos' in bold display type, above a clause stating payability to the bearer on demand in silver pesos or legal tender currency of the Philippines. The upper portion carries the Treasury Emergency Currency Certificate legend and an authority clause referencing the President of the Philippines and the Commonwealth, with 'SERIES OF 1945' to the right; a circular 'Philippines' seal vignette appears at the right center.
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Reverse lettering 20
PESOS
Twenty
Philippines
Pesos
XX
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Comments

The Negros Emergency Currency Board was one of several provincial bodies authorized to issue guerrilla currency during the Japanese occupation of the Philippines. These notes were produced under conditions that were anything but controlled — local materials, improvised printing, and constant threat of discovery meant that consistency across the series was never guaranteed. Negros Occidental maintained a functioning resistance economy longer than most occupied provinces.

The 1945 date places this note in the occupation's final phase, when American forces were already returning to the archipelago. Notes issued this late were often redeemed quickly and destroyed, making survivors scarcer than the print runs suggest.

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