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20 Yen US Military Currency - A-Note

发行方 Allied Military Authority (United States)
年份 1945
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面值 登录 以查看详情
货币 Yen (1871-date)
材质 登录 以查看详情
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印刷机构 登录 以查看详情
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正面描述 Printed in black on a light blue guilloche underprint with magenta text, the note carries a large underprint letter 'A' at centre. The denomination '20' appears in ornate cartouches at left and right, with Japanese characters '貳拾圓' (Twenty Yen) running vertically at centre flanked by the English legend 'TWENTY YEN'. Series designation 'SERIES 100' and the single letter 'A' appear in the upper and lower margins, with the legend 'MILITARY CURRENCY' along the bottom edge.
正面铭文 登录 以查看详情
背面描述 登录 以查看详情
背面铭文 ISSUED PURSUANT TO
MILITARY PROCLAMATION
軍事布告に基き發行す
(Translation: Issued pursuant to military proclamation)
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防伪类型 登录 以查看详情
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The "A" prefix on these notes — giving rise to the collector nickname "A-Note" — distinguished US Military Yen issued under occupation authority from Bank of Japan currency still circulating simultaneously in 1945. Both were legal tender at par, which created immediate arbitrage problems: Japanese civilians and demobilized soldiers quickly learned to convert military yen into BOJ notes before remittances abroad could be traced or blocked.

The series was printed by the Bureau of Engraving and Printing before the surrender and shipped in bulk. Japan's occupation administration eventually suppressed the dual-currency arrangement in 1948, but not before significant quantities of A-Notes had drained into informal currency markets.

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