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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 ...
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.
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 ...
Filled collection booklets could later be used to purchase Series E war bonds. For example, a full 25-cent booklet contained 75 stamps and was worth $18.75, which was the initial price of a $25 war bond. Thus, a full 25-cent booklet would be exchanged for a $25 war bond with a time to maturity of ten years. [8]
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 ...
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Write the correct date in the date label near the upper right corner of the check. Use the current month, day and year. You can postdate a check by writing a future date in the hope that it won ...
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.