Guerrilla Money

A history of WWII Philippines currency

USAFFE, Luzon

  • USAFFE, Luzon

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  • PQOG, Luzon

    PQOG, Luzon

    “President Quezon’s Own Guerrillas” – The unit was formed in 1942 by Vicente Umali, a former mayor of San Pablo, Batangas. Umali was appointed by President Manuel Quezon to organize a guerrilla force to resist the Japanese. There is only one known note issued by this group:

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  • Marking’s Guerrillas

    Marking’s Guerrillas

    Led by Colonel Marcos V. “Marking” Agustin and Valeria “Yay” Panlilio, the group is best known for capturing former Philippine president Emilio Aguinaldo, who had collaborated with the Japanese, and for their role in the battle to retake the Ipo Dam from the Japanese. The Marking Guerrillas were first formed in early 1942 by Colonel…

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  • Luzon

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    Luzon is the largest island of the Philippine archipelago, and is the most northerly of the main islands.  The 3 issues listed in this section (Marking, PQOG, and USAFFE) were apparently made without proper authorization. However, it seems that they must have gained a degree of acceptance during the war since they were well known…

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