目录
| 正面描述 | A vignette at left centre portrays a tropical plantation scene with palm trees rendered in fine intaglio. The large numeral '1' appears within a guilloche panel at the right, flanked by corner medallions each bearing the denomination. The issuer inscription 'THE JAPANESE GOVERNMENT' runs across the top, with 'ONE PESO' in bold letterpress at centre, and Japanese characters printed along the lower margin. Block letters 'PH' appear as a district identifier in red. |
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| 背面描述 | 登录 以查看详情 |
| 背面铭文 | 登录 以查看详情 |
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| 变体 | P#106a - issued note buff colored paper P#106x - allied counterfeit left: genuine with lines that do not touch each other at upper left on front right: counterfeit with two lines joining |
| 备注 |
The Japanese military administration in the Philippines began issuing occupation currency almost immediately after Manila fell in January 1942, with this 1 Peso note among the earliest releases. The notes were backed by nothing and the population knew it — Filipinos quickly dubbed the entire series "Mickey Mouse money," a term that spread fast and stuck. Merchants would accept it under duress but priced goods to account for its worthlessness, and black market exchange rates against pre-war Commonwealth pesos were punishing from the start.
Hyperinflation gutted purchasing power long before liberation. By 1944, a single egg cost several pesos in occupation currency.