5 Pesos

Philippine guerrilla currency is one of the more complex collecting fields in the Pacific theater, and Palawan's 1944 issues sit near the tragic end of that story. The province fell under increasingly brutal Japanese occupation through 1944, culminating in the December massacre at Puerto Princesa where Japanese forces killed approximately 150 American POWs. Guerrilla financing continued regardless, with local emergency notes sustaining supply networks and civilian loyalty payments until the liberation.

The S933 designation places this within the SCAP-recognized series, meaning it was later acknowledged for redemption — not all Philippine provincial guerrilla issues received that status.