Tuesday, February 3, 2009

Philippinse Peso During World War II

Japanese government-issued Philippine fiat peso.Issued in 1943.
This is rare Banknote in my collection.
During World War II in the Philippines, the occupying Japanese government issued fiat currency in several denominations known as Japanese government-issued Philippine fiat peso. The Japanese-sponsored Second Philippine Republic under Jose P. Laurel outlawed possession of guerilla currency and declared a monopoly on the issuance of money and anyone found to possess guerilla notes could be arrested.

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