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5 Pesos
| Issuer | Negros Emergency Currency Board |
|---|---|
| Year | 1944 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in green and red on buff paper, the obverse bears the heading 'Treasury Emergency Currency Certificate' across the top, followed by a redemption clause certifying that the Commonwealth of the Philippines will redeem the note at face value upon termination of emergency. The denomination 'FIVE PESOS' is set in bold at centre above the payability clause and issuing authority imprint, with a circular Commonwealth of the Philippines seal affixed at right and a red serial number at lower left; three manuscript signatures below identify the Acting Treasurer, Governor (Chairman), and Provincial Auditor. |
|---|---|
| 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 allied pesos or in legal tender currency of the Negros Emergency Currency Board Actg. Treasurer MEMBER Governor CHAIRMAN Prov. Auditor MEMBER |
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| Comments |
The Negros Emergency Currency Board was one of several guerrilla currency authorities operating in the Philippine provinces under Japanese occupation. These boards issued notes with the tacit backing of the U.S.-aligned resistance, essentially functioning as a parallel economy to undermine Japanese military scrip. The Negros issues are among the more systematically organized of the Philippine guerrilla series — the Board maintained numbered series and applied formal authorization signatures, which distinguishes them from rougher provincial emergency issues.
Printed locally under wartime constraints, paper quality and ink consistency vary considerably across surviving examples. The 1944 dating places this note in the final, increasingly desperate phase of the occupation, when Japanese enforcement against resistance currency had intensified.