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Military payment certificate. One-dollar bill Series 692 ( from the Vietnam War era 1970–73) Military payment certificates, or MPC, was a form of currency used to pay United States (US) military personnel in certain foreign countries in the mid and late twentieth century. They were used in one area or another from a few months after the end ...
Background. Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be severely problematic, risking severe inflation.
During World War I, 25-cent Thrift stamps were offered to allow individuals to accumulate enough over time to purchase the standard 5-dollar War Savings Certificate stamp. When the Treasury began issuing war savings stamps during World War II, the lowest denomination was a 10-cent stamp, enabling ordinary citizens to purchase them.
A photographer kneels on a street littered with invasion money, Rangoon, 1945. Japanese invasion money, officially known as Southern Development Bank Notes (Japanese: 大東亜戦争軍票 Dai Tō-A Sensō gunpyō, "Greater East Asia War military scrip"), was currency issued by the Japanese Military Authority, as a replacement for local currency after the conquest of colonies and other states ...
Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low- denomination banknotes of the United States dollar were in use between 21 August 1862 and 15 February 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five ...
Transporting U.S. currency overseas costs the military hundreds of thousands of dollars annually – during the Iraq War, for every $1,000,000 sent to pay soldiers in Iraq, it cost $60,000 in security, logistics, and support fees. It also eliminates the need for the World War II practice of producing the military payment certificate. The use of ...
During World War II in the Philippines, the occupying Japanese government issued a fiat currency in several denominations; this is known as the Japanese government-issued Philippine peso (see also Japanese invasion money ). [1] The Japanese government outlawed possession of guerrilla currency, and declared a monopoly on the issuance of money ...
The 50 Cent Party, also known as the 50 Cent Army or wumao (/ ˈ w uː m aʊ /; from Chinese: 五毛; lit. 'five dimes'), are Internet commenters who are paid by the authorities of the People's Republic of China to spread the propaganda of the governing Chinese Communist Party (CCP).