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25 Cents Military Payment Certificate

发行方 United States Department of Defense
年份 1970-1973
类型 Vouchers
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正面描述 Intaglio vignette at left of a seated male figure in classical style, rendered against a columned architectural background over a fine guilloche underprint. Denomination numeral '25' appears in each lower corner, with 'CENTS' printed as a yellow underprint across the centre-right field.
正面铭文 MILITARY PAYMENT CERTIFICATE

SERIES 692

TWENTY-FIVE

FOR USE ONLY IN UNITED STATES MILITARY ESTABLISHMENTS BY UNITED STATES AUTHORIZED PERSONNEL IN ACCORDANCE WITH APPLICABLE RULES AND REGULATIONS
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备注

Series 692, issued from 1970, was the second-to-last MPC series before the program was finally discontinued in 1973. MPC notes existed to prevent U.S. currency from leaking into local black markets near overseas military installations — a persistent problem in Vietnam, West Germany, and South Korea, where dollars commanded significant premiums. Periodic "C-Day" conversions, conducted without warning, would invalidate an entire series overnight, wiping out anyone holding notes outside authorized channels.

Series 692 was retired in that manner on 11 June 1973, replaced briefly by Series 701 before the program ended entirely that same year.

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