All You Need to Know about Japanese Government Pesos
If you are a history enthusiast, you must know about the events of WWII. In 1942, Japan pushed America out of the Philippines and got the land to itself. Now it was under Japanese rule, so they destroyed most of the local currency and confiscated any currency notes left.
New notes were issued to be used locally, and these notes were also known as occupation money or Mickey Mouse peso. These were the Japanese government pesos. The locals used these notes as currency when Japan ruled this land.
When WWII ended, most of these notes were destroyed, but there were still a few left. You can still buy one of these notes as a novelty item or souvenir of WWII.
History of Japanese Peso Currency
In February 1942, Japan captured the Philippines and drove America out. After the capture, the laws were made by the Japanese government about the war finances. They destroyed the local currency and established wartime finance banks. It was supposed to finance the military industries, hydroelectric power, petroleum, and other such things.
They issued new currency notes for the locals, Japanese government pesos, and the locals called them Mickey Mouse pesos. By the end of the war, all wartime currency immediately lost its value. Some were destroyed or confiscated. The allies obtained a large amount of wartime currency which was later sent to museums or used as souvenirs. It represents the struggles of people during the war as a historical piece.
What is Japanese 100 Pesos?
The Japanese pesos are the currency owned by the Philippines. The numismatist or collectors of currency call it invasion money. These currency notes were brought home by the military men after the world war. The Japanese government also issued the Japanese 100 pesos after they destroyed all the hard money.
These 100-peso bills Japanese government are now rare and expensive. They are rare and have more value than any other Japanese government currency notes, and they are considered as valuable collectibles.
The Prominent Features of Japanese Pesos
The authentic 100 Peso notes have the following features:
- Country: Philippines
- Issuing entity: Japanese government
- Period: Japanese occupation 1942-1945
- Type: standard Banknote
- Year: 1944
- Value: 100 pesos
- Currency: peso (1857-1967)
- Composition: paper
- Size: 160*68mm
- Shape: Rectangular
- Demonetized: yes
- Number: N 203954
- References: P 112, JNDA 13-87
Japanese Yen and US Dollar
The Japanese yen is the currency issued by the Japanese government.
One yen is equal to 100 Sen. The Japanese pronounce the yen as ‘end.’ It is used around the world as reserve currency, and fifth most influential currency after the US Dollar, Euro, Pound, and Sterling.
US Dollars
The US Dollar is the currency used in the United States, issued by the American government. It is most widely used for international transactions and reserve money around the world.
The Japanese Government 100 pesos worth
The Japanese government's 100 pesos range from 8.25 US dollars to 49.95 US dollars. The average price of 100 pesos is 25 Dollars.