25 Centavos

Bohol's Emergency Currency Board was one of dozens of provincial and municipal bodies that sprang up across the Philippine archipelago following the Japanese occupation in early 1942, filling the vacuum left by the collapse of normal Commonwealth banking. These local emergency issues were authorized under a framework that allowed civilian governments to print their own notes to keep local economies functioning under occupation — a genuinely unusual arrangement that produced a proliferation of distinct provincial currencies, each with its own printing history and survival rate.

The April 1945 print date places this note in the final weeks of fighting on Bohol, where Japanese forces were not fully subdued until the war's end. Notes printed this late in the series rarely circulated long.