Military Ordinance No. 5

PROHIBITING THE CIRCULATION OF THE
PHILIPPINE NATIONAL BANK EMERGENCY
CIRCULATION NOTES

May 7, 1942

Within the territories occupied by the Imperial Japanese Forces, the circulation of Philippine National Bank Emergency Circulation Notes issued by the various branches and agencies of the Philippine National Bank in the Visayan provinces is hereby absolutely prohibited.

Any person circulating or accepting the said emergency notes for any purpose whatsoever will be severely punished in accordance with the Military Law.

COMMANDER-IN-CHIEF OF THE
IMPERIAL JAPANESE FORCES IN THE
PHILIPPINES

Source: Office of the Solicitor General Library