The Japanese Occupation (1942 - 1945) Last Issue

As inflation crept in, the Japanese printed banknotes in larger denominations. This bill is the last of the third series (1944-5) It was printed just before their surrender in 1945.

Due to dwindling resources, this banknote is smaller than the others and is printed on cheap paper, the reason why the blue ink at the front bleeds through the back.




Five Hundred pesos banknote issued in the Philippines during the Japanese occupation.

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One Thousand pesos banknote issued in the Philippines during the Japanese occupation.

The Japanese Occupation (1942 - 1945) 2nd Issue

This is the 2nd issue of Japanese Occupation Year (1943).The front of the bill features the Rizal monument.
Note* This is the complete series of the 2nd Issue




One peso banknote issued in the Philippines during the Japanese occupation.

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Five pesos banknote issued in the Philippines during the Japanese occupation.

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Ten pesos banknote issued in the Philippines during the Japanese occupation.

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One hundred pesos banknote issued in the Philippines during the Japanese occupation.

The Japanese Occupation (1942 - 1945) 1st Issue

The outbreak of World War II caused serious disturbances in the Philippine monetary system. Two kinds of notes circulated in the country during this period. The Japanese Occupation Forces issued war notes in big denominations. Provinces and municipalities, on the other hand, issued their own guerrilla notes or resistance currencies, most of which were sanctioned by the Philippine government in-exile, and partially redeemed after the war.

Note* This is the first issue of Japanese Occupation Year (1942) 1Peso and 5 Pesos are not included on my collection hope that i can found them soon.




One centavo banknote issued in the Philippines during the Japanese occupation.

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Five centavos banknote issued in the Philippines during the Japanese occupation.

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Ten centavos banknote issued in the Philippines during the Japanese occupation.

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Fifty centavos banknote issued in the Philippines during the Japanese occupation.

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Ten pesos banknote issued in the Philippines during the Japanese occupation.