World War 2 EMERGENCY AND GUERRILLA CURRENCY The outbreak of war in December 1941 brought about a vast increase in Philippine military and government expenditures. This in turn resulted in a critical shortage of coins and small denomination banknotes. The situation was further aggravated when Commonwealth President Manuel L. Quezon decreed an advance of three months’ salary to all government employees. In effect, this was a bonus, as all employees remaining at their posts were to receive their r
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