20 Pesos

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.