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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.
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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.
Hollow Horn Bear was featured on a 1922 US postage stamp and a 1970 $10 Military Payment Certificate. Some sources record him as the basis for the image on the 1899 US five-dollar silver certificate and other depictions of Native Americans. A historical marker was erected in his honor in South Dakota in 1962.
The last series issued for commerce by the Japanese treasury were Taishō fractional notes. Those in the ten sen denomination were issued from 1917 (Taishō year 6) to 1921 (Taishō year 10) and are valued highest with the oldest issue. [34] As with the previous series these were issued in large amounts making those in higher grades more valuable.
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 ...