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During World War II in the Philippines, the occupying Japanese government issued a fiat currency in several denominations; this is known as the Japanese government–issued Philippine peso (see also Japanese invasion money). [1] The Japanese government outlawed possession of guerrilla currency, and declared a monopoly on the issuance of money ...
In 1942 the Japanese issued paper scrip currency of 1, 5 and 10 cents and 1 ⁄ 4, 1 ⁄ 2, 1, 5 and 10 Rupees. In 1943, the Japanese commuted the sentence of Dr. Ba Maw, an outspoken advocate for Burmese self-rule, and installed him as the head of the puppet government. From 1943 onward the Japanese issued paper scrip currency of 1, 5 and 10 ...
The Japanese occupation of the Philippines (1942–45) was no different. This is a complete set of Japanese government-issued Philippine peso. The effect of wartime hyperinflation can be seen in the rapid increase of denomination value put into circulation. Pencil notations on the obverse of the notes beginning with "CM" indicate these notes ...
The peso issued by the Japanese government nicknamed as "The Mickey Mouse money". During World War II in the Philippines, the occupying Japanese government-issued fiat currency in several denominations; this is known as the Japanese government-issued Philippine fiat peso (see also Japanese invasion money).
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Despite the crude production of the notes, they were still accepted throughout the country over the fiat peso used by the Japanese-sponsored government. Their value as both as a mechanism of exchange and as propaganda tools were significant enough for the Imperial Japanese to ban their use, responding violently to those possessing such notes.
The Philippine one-peso note (₱1) was a denomination of Philippine currency. On its final release, José Rizal was featured on the front side of the bill, while the Declaration of the Philippine Independence was featured on the reverse side. This banknote was circulated until the Central Bank stopped printing this currency in 1973.
The Japanese government-issued Philippine peso was a form of fiat money issued in the Philippines by the Japanese government during World War II as part of its occupation of the archipelago. The first issue in 1942 had notes valued at 1, 5, 10 and 50 centavos, and 1, 5 and 10 pesos.