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50 Centavos
| Issuer | Municipal Treasury of Bantayan |
|---|---|
| Year | 1942-1944 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1941-1945) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CREDIT NOTE THE MUNICIPAL TREASURY OF BANTAYAN WILL PAY THE BEARER ON DEMAND FIFTY CENTAVOS IN LAWFUL CURRENCY 50 CENTAVOS 50 Mun. Mayor Mun. Treas. |
| Reverse description | Yellow-ochre paper with a large decorative guilloche underprint occupying the central field, flanked by ornamental panel vignettes at left and right. The denomination numeral 50 appears at both lateral extremities, with the title legend in Gothic blackletter script above the denomination word and the geographical restriction notice below. |
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| Comments |
Municipal treasury notes from the Philippine occupation period are among the most historically loaded pieces of Philippine paper money. When the Japanese Military Administration effectively displaced American colonial currency, local governments — barangays, municipalities, towns — were left to issue their own emergency scrip to keep commerce moving. Bantayan is a small island municipality in Cebu province, geographically isolated enough that supply disruptions hit hard and local scrip became genuinely necessary rather than merely supplemental.
These municipal issues varied wildly in print quality and paper stock, often produced on whatever was available. Survival rates are low not because of heavy circulation but because the notes were considered worthless after liberation and discarded.