1943 Philippines 100 Peso Note - WW2 Japan Occupation - JAPWANCAP Stamp - 1943 Japanese Government One Hundred Peso Stamped Note - P#112a

This listing is for one of the photographed 1943 Occupied Philippines 100 Peso Stamped Banknotes, issued by the Japanese Government during WW2. These notes are rarer stamped notes, being stamped by the Japanese War Notes Claimants Association of the Philippines (JAPWANCAP) after the Japanese ceased their occupation of the country. Stamps vary in type, location, and intensity- all notes at least partially display a stamp. These stamped notes are rarer finds for these notes, as only a limited amount of these banknotes were stamped by the organization. Choice of grade/circulation. Great piece of history! P#112a (Pick Number 112a).

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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1943 Philippines 100 Peso Note - WW2 Japan Occupation - JAPWANCAP Stamp - 1943 Japanese Government One Hundred Peso Stamped Note - P#112a