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In April of 1942, the JIM notes were ready for distribution. The existing Philippine currency was to be redeemed for the JIM by the end of June 1942. The shipment of notes to Leyte was lost, and so the local military commander ordered that the deadline for redemption be postponed, and that all currently circulating notes be registered, and hand stamped as such. Each municipality was to do this by July 1942. Most of the notes in circulation at the time where from Cebu, therefor you will occassionally encounter a Cebu note with a Leyte counterstamp for registration during this period.
Once the JIM notes arrived, the stamped notes that were in circulation where to be presented for exchange. Most were not.
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