The Guerrilla Notes Currency During World War 2

Guerrilla Notes Currency Philippine Resistance Money Paper History Monetary Value Japanese Occupation World War Peso Note Issue Date Circulation Banknote Bearer Silver Iso Negros Board Size Cash Info Guerrilla Notes or Resistance currencies were issued by different provinces and, in some instances, municipalities through their local currency boards to show resistance against the Japanese during the Japanese occupation of the Philippines in World War II. Most guerrilla notes were in low denominations since they were needed for everyday circulation. On a One Peso Guerilla Note issued in 1944, the text of the currency read:

“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.”

“Payable to the bearer on demand in Silver Pesos or in legal tender currency of the Negros Emergency Currency Board.”

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