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One hundred pesos

Japanese Invasion Authority , 1943

Medium

Cotton, linen, paper, and ink

Collection

Numismatic

Description

Intended to be of equal value to the pre-war Philippine notes, the Japanese-issued 100 pesos was initially the highest denomination during the occupation. Inflation, scarcity of commodities, and continued local resistance all contributed to the utter devaluation of the Japanese Invasion Money (JIM), thus the moniker of “Mickey-Mouse Money”. Allied forces also made counterfeits of Japanese notes, resulting in more certificates than the treasury had to support.

Acknowledgement

Ayala Museum Collection

Location

Museum Storage

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