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100 Pesos
| Issuer | The Japanese Government |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 160 × 68 mm |
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| Obverse description | The Rizal Monument in Manila occupies the right portion of the note, rendered in fine intaglio engraving with the obelisk and surrounding statuary set against a landscape background. A large circular guilloche vignette enclosing the numeral "100" within a laurel wreath underprint fills the centre, with a pale letterpress underprint reading "ONE HUNDRED" to the left. The issuer's title "THE JAPANESE GOVERNMENT" appears in bold letterpress at the top, with Japanese characters of the Imperial Government seal inscribed along the lower margin. |
|---|---|
| Obverse lettering | 100 THE JAPANESE GOVERNMENT ONE HUNDRED 臣蔵 府政國帝本日大 (Translation: Minister of Internal Affairs Imperial Government of Japan) |
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| Comments |
Issued as part of Japan's military currency program for the occupied Philippines, this note circulated under a regime that had already begun printing far beyond any backing by 1944. The volume of military pesos issued throughout the occupation inflated prices catastrophically — Filipinos referred to the whole series as "Mickey Mouse money," a term that predated this denomination but applied with particular force as hyperinflation accelerated in the final occupation year.
The watermark was standard for the series but did little to prevent counterfeiting at a moment when the currency's credibility had already collapsed entirely on its own.