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A photographer kneels on a street littered with invasion money, Rangoon, 1945. Japanese invasion money, officially known as Southern Development Bank Notes (Japanese: 大東亜戦争軍票 Dai Tō-A Sensō gunpyō, "Greater East Asia War military scrip"), was currency issued by the Japanese Military Authority, as a replacement for local currency after the conquest of colonies and other states ...
Japanese Allied Military Currency (A yen and B yen) - used in Korea, issued for use in Japan but then demonetized there before they could be used [5] The majority of the notes were printed by the United States Bureau of Engraving and Printing, with some were printed by the Soviet Union and by the Japanese Ministry of Finance.
In 1946, following the Second World War, Japan removed the old currency (旧円券) and introduced the "New Yen" (新円券). [1] Meanwhile, American occupation forces used a parallel system, called B yen, from 1945 to 1958. Since then, together with the economic expansion of Japan, the yen has become one of the major currencies of the world. [9]
Early 1-yen coin from 1901 (Meiji year 34), 26.96 grams of 90% fine silver 20 yen coin from 1870 (Meiji year 3) In 1897, the silver 1 yen coin was demonetized and the sizes of the gold coins were reduced by 50%, with 5, 10 and 20 yen coins issued. After the war, brass 50 sen, 1 and 5 yen were introduced between 1946 and 1948.
The Japanese occupation also outlawed any use of Hong Kong dollar and set a deadline for exchanging dollars into yen. [citation needed] When the military yen was first introduced on 26 December 1941, the exchange rate between the Hong Kong dollar and the military yen was 2 to 1. However, by October 1942, the rate was changed to 4 to 1.
In the brief time between the 1945 battle of Okinawa and the beginning of the US occupation, the islands went from a currency-free system, relying upon barter and distributions of supplies from the authorities, to the reintroduction of currency with the B yen, the introduction of the new Japanese yen (both "new yen" and "B yen" being used ...
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