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25 Cents Military Payment Certificate

Issuer United States Department of Defense
Year 1965-1968
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Size 109 x 55 mm
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Reverse description Central vignette of a spread-winged American eagle in intaglio, grasping crossed arrows and an olive branch in its talons, set against an intricate guilloche underprint in red and blue. Denomination numerals "25¢" appear in dark ink at left and right, with the title banner at the foot of the design.
Reverse lettering CENTS
TWENTY-FIVE CENTS
MILITARY PAYMENT CERTIFICATE
FOR USE ONLY IN UNITED STATES MILITARY ESTABLISHMENTS - BY UNITED STATES AUTHORIZED PERSONNEL IN ACCORDANCE WITH APPLICABLE RULES AND REGULATIONS
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Comments

Military Payment Certificates were issued to U.S. service personnel stationed overseas as a containment measure — the system was designed to limit black-market conversion of U.S. dollars into local currencies, a persistent problem in Vietnam and elsewhere. Series 641, which covers this note, ran from 1965 to 1968 and was in active use throughout the escalation of American involvement in Southeast Asia.

MPC series changes were executed as surprise "C-Day" conversion events, announced without warning and completed within a single duty day, deliberately freezing out anyone holding certificates illegally. Locals caught holding Series 641 at conversion simply lost their money.

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