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5 Pesos
| Issuer | Negros Emergency Currency Board |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S674 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Treasury Emergency Currency Certificate Issued by authority of the President of the Philippines This certifies that the Commonwealth of the Philippines will redeem this certificate at face value upon termination of emergency SERIES OF 1944 FIVE PESOS Payable to the bearer on demand in silver pesos or in legal tender currency of the Negros Emergency Currency Board Actg. Treasurer MEMBER Governor CHAIRMAN Prov. Auditor MEMBER |
| Reverse description | Log in to see details |
| Reverse lettering | Five Philippines Pesos 5 5 PESOS |
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| Comments |
The Negros Emergency Currency Board was one of several provincial currency bodies established in the occupied Philippines after the Japanese invasion forced local administrations to improvise their own monetary systems. Negros Occidental, cut off from Manila and running on a war economy, needed something — anything — that could function as a medium of exchange without relying on the Japanese Military Administration's own occupation pesos, which were deeply distrusted.
By 1944, these emergency issues were under real pressure. The Japanese were tightening their grip on the island, and notes produced this late in the occupation carried genuine risk for those who printed, distributed, or simply held them.