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Military payment certificates, or MPC, was a form of currency used to pay United States (US) military personnel in certain foreign countries in the mid and late twentieth century. They were used in one area or another from a few months after the end of World War II until a few months after the end of U.S. participation in the Vietnam War ...
The United States military used these as payment certificates, while the civilian population used "B Yen" scrip as currency. [3] "A yen" scrip was used as general currency in Korea from September 7, 1945, to July 10, 1946. [2] "A yen" scrip was eventually deprecated in all three regions on July 21, 1948, in favor of a one currency "B yen" scrip ...
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.
Military payment certificate This page was last edited on 27 May 2023, at 06:54 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
The sixth series, together with the 1 and 5 pound notes of the second series, were used in Berlin up to December 31, 1979, when they were finally withdrawn. On February 14, 1991, The Ministry of Defence auctioned off their stock of 17 million uncirculated vouchers from the 2nd, 3rd, 4th and 6th series to a consortium of dealers.
On smaller change notes (1–10 cents) it is shortened to “De Japansche Regeering”. [17] All Japanese invasion money used in the Netherlands Indies bear the block prefix letter “S” either followed by a number (lower denominations, 1–10 cents), a second letter, or as the numerator in a fractional block layout. [ 20 ]
Unlike the Spanish milled dollar, the Continental Congress and the Coinage Act prescribed a decimal system of units to go with the unit dollar, as follows: [15] [16] the mill, or one-thousandth of a dollar; the cent, or one-hundredth of a dollar; the dime, or one-tenth of a dollar; and the eagle, or ten dollars. The current relevance of these ...
10 Yen note of the 1938 series In the late 1930s there was an issue of military yen which was similar to the standard yen in terms of design, but with minor modifications. Generally, thick red lines were overprinted to cancel the name " Bank of Japan " (日本銀行) and any text promising to pay the bearer in gold or silver.