Posted 9 years ago
Chrisnp
(310 items)
After finding the Confederate currency in my last post, I decided to post these as well.
Historically, military currency has been frequently issued as an economic control measure in occupied territories.
The first example was produced for use by allied troops and local population in occupied Germany at the close of WWII.
The second example dates from the Japanese occupation of the Philippines
I've kept an eye open for these for some yrs. & they just aren't every corner, even at gun shows. Reading up on it, I found that local currencies were used in occupied territories if it was stable & military script issued if not. That just confuses things more. What was used in Norway, Denmark, Belgium, etc.? Don't seem to find much on it. Of course, you could send these to me as a get-well gift to a crippled hit-& run victim. Sob, sob! I may have to bite off my tongue before it pokes a hole in my cheek! LOL! (I was back on my bike in 3 days).
Do you have a short story on all those other occupied countries in Europe?
Sorry to read of your accident, regardless of how quickly you recovered!
I used to have a hand full of the Japanese Centavos, and gave most of them away in the late 70s/early 80s. Too bad I didn't know you then!
I think military currency was also used because if a government is no longer in power, then what is the faith of the people in the value of the defeated government's currency? When I was in Bosnia, we didn't have military currency controls, but all the locals wanted were US Dollars or German Marks. The Black market thrived.
On the other hand, i think that if the occupying country pays it's army in the home currency, and soldiers use it with the locals, then there is a big outflow of money into the occupied country economy that could cause inflation or destabilization too.
Just my notion on how it works. I'm no expert.
Chris
Thanks for the love Manikin, vetraio50, blunder and antiquerose!
Thanks for the love fortapache