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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 ...
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 ...
The former referred to the currency issued during the period commencing with the invasion of the Philippines and the occupation of any island or province by Imperial Japanese forces. This type of currency was considered to have been maintained under tighter control and were considered valuable. They were redeemed at par (100% face value).
Manila during the Japanese occupation. The Japanese occupation of the Philippines (Filipino: Pananakop ng mga Hapones sa Pilipinas; Japanese: 日本のフィリピン占領, romanized: Nihon no Firipin Senryō) occurred between 1942 and 1945, when the Japanese Empire occupied the Commonwealth of the Philippines during World War II.
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).
During World War II, the Japanese Military issued invasion currency for Netherlands Indian roepiah, Burmese rupee, and Singapore, Malaya, North Borneo, Sarawak and Brunei. The Japanese occupation of the Philippines (1942–45) was no different. This is a complete set of Japanese government-issued Philippine peso.
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The battle ended the almost three years of Japanese military occupation in the Philippines (1942–1945). The city's capture was marked as General Douglas MacArthur's key to victory in the campaign to liberate the islands. It is, to date, the last battle fought within Manila.