Japanese War Notes

Japanese War Notes Invasion Money Paper Currency World War Occupation Denomination Value Denomination Circulation Value Wartime Finance Bank Southern Development Bank Hard Mickey Mouse Amount History Japanese war notes, also called Japanese Invasion Money, was currency in the Philippines between 1941 and 1945 during the Japanese occuption. The Japanese Occupation forces printed millions of paper bills of several denominatons to replace United States Philippine currency. Japanese Invasion Money was officially known as Southern Development Bank Notes. It is a currency that was issued by the Japanese Military Authority, as a replacement for local currency. In February 1942 Japan passed laws which established the Wartime Finance Bank and the Southern Development Bank. Both of these banks issued bonds to raise funding for the war. The former loaned money primarily to military industries. The latter is the one we are interested in here. Continue reading