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[IMG]http://www.coincommunity.org/gallery/albums/userpics/10409/1943PhilippinesCagayanEmergencyCurrency5centavosFront.JPG[/IMG]
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1943 Philippines Cagayan Emergency Currency 5 centavos Front |
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WWII Cagayan Emergency Currency
Philippines guerrilla money
Emergency circulating notes were currency printed by the Philippine Commonwealth Government in exile during World War II. These "guerrilla pesos" were printed by local government units and banks using crude inks and materials. Due to the inferior quality of these bills, they were easily mutilated.
The Japanese-sponsored Second Philippine Republic under President José P. Laurel outlawed possession of guerrilla currency and declared a monopoly on the issuance of money and anyone found to possess guerrilla notes could be arrested or even executed.
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