Philippine notgeld 20 Pesos, 1942

CAGAYAN THE CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE PHILIPPINE NATIONAL BANK THE EQUIVALENT OF TWENTY PESOS PAYABLE TO THE BEARER ON DEMAND AFTER THE WAR TWENTY PESOS

Eagle at centre

EMERGENCY CERTIFICATE COMMONWEALTH OF THE PHILIPPINES CAGAYAN ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES AND THE PROVINCIAL BOARD OF CAGAYAN REFUSAL TO ACCEPT THIS NOTE IS PUNISHABLE BY LAW TWENTY PESOS

Green with black overprint