1938 Japan Military Occupied China 50 Sen Note - No Block Number - WW2 Japan Military - 1938 (ND) Japanese Chinese Fifty Sen Note - P#M14

This listing is for the photographed 1938 N.D. Imperial Japan Military Occupied China 50 Sen Note. Issued in the midst of World War II in the Japanese Puppet States in China. This note does not feature a block number, differentiating it from other issues. The obverse of this note displays a dragon on the left end. Extremely Fine (XF) grade/condition, minor folds and signs of circulation, as pictured. Beautiful design and interesting historical note. P#M14 (Pick Number M14).

The Japanese Imperial Government issued banknotes known as Japanese military currency in their occupied territories during the Pacific War. The notes were used both as military salery for soldiers, as well as local currency in Hongkong and parts of China that were occupied by the Japanese. Since the military yen was not backed by gold, and did not have a specific place of issuance, the military yen could not be exchanged for the Japanese yen. Forcing local populations to use the military yen officially was one of the ways the Japanese government could dominate the local economies. On 6 September 1945, the Japanese Ministry of Finance announced that all military yen became void, reducing the military yen to useless pieces of paper.

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1938 Japan Military Occupied China 50 Sen Note - No Block Number - WW2 Japan Military - 1938 (ND) Japanese Chinese Fifty Sen Note - P#M14