1942 Philippines Japanese Government 1 Peso Note - WW2 Japan Occupation - JAPWANCAP Stamped - 1942 Filipino One Peso Stamped Note - P#106b

This listing is for one photographed 1942 Occupied Philippines 1 Peso JAPWANCAP Stamped Note. This note was part of the first issue of Japanese occupied invasion currency in the Philippines during World War II. This note was stamped by The Japanese War Notes Claimants Association of the Philippines after the end of Japanese Occupation of the country. Stamp displayed on the reverse side of the note but is also partially visible on the obverse. The note was printed on white paper, differentiating it from other similarly issued notes of the time. Very Fine (VF) grade/condition, some visible signs of wear and circulation. P#106b (Pick Number 106b). Super cool and rarer find from World War II! Interesting history!

During World War II in the Philippines, the occupying Japanese government issued a fiat currency in several denominations; this is known as the Japanese government-issued Philippine peso. The Japanese government 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 or even executed.

Founded in 1953, after the end of the Japanese occupation in the Philippines, the Japanese War Notes Claimants Association of the Philippines (JAPWANCAP) sought to lobby both the Government of the Philippines and later the United States to redeem these Japanese Invasion notes, which lost their value after the end of the country's occupation during WW2. The JAPWANCAP collected notes from public circulation for a fee, stamping them to identify they were collected by the association for "safe keeping" as explained on the stamps themselves. The Government of the Philippines did not take up the association's proposal to redeem the banknotes, leaving them to try again for redemption with the United States Government in 1967, which they again failed to achieve. The goals of the JAPWANCAP in redeeming the value of these invasion notes for the Filipino people eventually failed, leaving the notes they collected to be a rarer and highly sought after type of Japanese Invasion note because if their unique history! 

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1942 Philippines Japanese Government 1 Peso Note - WW2 Japan Occupation - JAPWANCAP Stamped - 1942 Filipino One Peso Stamped Note - P#106b