5 Pesos

The Mindanao Emergency Currency Board was one of several provincial currency authorities that issued guerrilla money during the Japanese occupation of the Philippines. These notes were produced under active wartime conditions, with local officials authorizing emergency issues to keep civilian commerce functioning in areas where Japanese military scrip was either unavailable or actively refused by the population.

Pacana served as board chair; the three-signature requirement was a deliberate anti-counterfeiting measure — rudimentary, but practical under the circumstances. Japanese forces actively targeted guerrilla currency operations, making the printing and distribution of these notes a genuine security risk for everyone involved.

Mindanao issues are among the more frequently encountered Philippine guerrilla notes, though condition varies sharply given the difficult storage conditions of the period.