Headquarters Volunteer Service Corps USAFFE in the field of balangiga, samar phillippines Jan 11 1943 circulating notes

Excellent condition .

Kept in plastic sleeve.

Stamp embossing is still raised and clear signature on reverse.

History

Philippines Guerrilla and Emergency Currency was printed from 1942 to 1945. Prior to his exile in 1942, Philippines President Quezon authorised the creation of Provincial Emergency Currency Boards and Committees with the power to issue currency which would be redeemable after the war. Initially this practice was limited to the unoccupied provinces, but later, other territories released their own currency. As well as Philippine municipal governments, the guerrilla forces fighting the Japanese occupation also issued currency. Although the Japanese severely punished holders of this currency, the notes continued to circulate. This note was produced by Headquarters Volunteers Service Corps, United States Army Forces Far East (USAFFE), at Balangiga, Eastern Samar. USAFFE was created by the the United States Government in July 1941, with Major General Douglas MacArthur as commander of US forces in the Far East. It also held jurisdiction over the Philippines army, and during the Japanese occupation,