Today I have something a little different to share. I've been saving this one and I feel it will tie in nicely with the blog on the US Mint in Manila. As we all should know, the Philippines was overrun by Imperial Japanese Forces during WWll. When this occurred, in 1942, the Japanese issued their own currency there called Japanese Occupation Currency. This was to replace the older pre-occupation money.
The currency was stamped Japanese Government. They were issued in 1 centavos and higher up to and including 1,000 pesos, as inflation took hold. There are many stories to be told about this currency. One is that as inflation appeared the money was so worthless the people called it "Mickey Mouse" money.
What I want to show here is the Counterfeit notes. We all think of counterfeit money as being bad. However, during war time, "fake" currency is a tried and true form of warfare. It seeks to undermine the enemies, in this case Japan, economy. The Allied nations, the USA, Australia as well as Canada, took up the challenge to destroy the faith of the Philippians people in the Japanese Occupation Money, "JOM" or Japanese Invasion Money "JIM", as it also is called.
First it was discovered that the paper used to create the "real" money is made from a plant that also grows in America. This was a nice break as long as it lasted. Later in the war the paper was also produced in Australia. The 50 centavos I show below was very well done. It does have one major "tell". In the real currency there is a continuous line below the digit "5" of the 50 at the upper right front. This line is broken in counterfeit issues. This may sound like a giant problem but in real life it was difficult to see assuming one even was aware of this. The bills dimensions are as follows: 5" X 2.5".
That is really all I wanted to say on this subject. It is very interesting and more can be found by the reader on their own. I personally was unaware of these bills until recently. I was very lucky to get the one I have. I hope you enjoy this blog. Please look at the photos and feel free to comment. Thank you!