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Result for Part Number: PaperJapanPeso-50c : Item Detail |
| 1942 50-Centavos Japan Government Money issued in the Philippines during WW-2 |
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| This is a 50-centavo note (paper money). Gleaned from Wikipedia: 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. The Japanese-sponsored Second Philippine Republic under Jose P. Laurel outlawed possession of guerrilla currency, and declared a monopoly on the issuance of money, so that anyone found to possess guerrilla notes could be arrested.
Some Filipinos called the fiat peso `Mickey Mouse money`. Many survivors of the war[who?] tell stories of going to the market laden with suitcases or `bayong` (native bags made of woven coconut or buri leaf strips) overflowing with the Japanese-issued bills. According to one witness, 75 `Mickey Mouse` pesos, or about 35 U.S. dollars at that time, could buy one duck egg.[1] In 1944, a box of matches cost more than 100 Mickey Mouse pesos.[2] See the picture gallery.| Picture Gallery for this Item (click images to enlarge) |
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