Banana Money
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Banana Money
The Japanese government-issued dollar was a form of currency issued for use within the Imperial Japan-occupied territories of Japanese occupation of Singapore, Singapore, Japanese occupation of Malaya, Malaya, Japanese occupation of British Borneo, North Borneo, Sarawak and Brunei between 1942 and 1945. The currency was also referred to informally (and with more than a trace of contempt and derision) as banana money (Malay language, Malay: ''duit pisang''), named as such because of the Motif (art), motifs of banana trees on 10 dollar banknotes. The Japanese dollar was in widespread use within the occupied territories where the previous currency became scarce. The currency were referred to as "dollars" and "cents" like its predecessors, the Straits dollar, Malayan dollar, Sarawak dollar and British North Borneo dollar. The Japanese dollar was one of several forms of Japanese invasion money issued throughout the newly expanded Empire of Japan. Similar currencies were issued in Jap ...
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Japanese Yen
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as of gold, or of silver, and divided decimally into 100 ''sen'' or 1,000 ''rin''. The yen replaced the previous Tokugawa coinage as well as the various ''hansatsu'' paper currencies issued by feudal ''han'' (fiefs). The Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II, the yen lost much of its prewar value. To stabilize the Japanese economy, the exchange rate of the yen was fixed at ¥360 per US$ as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per US$ ...
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Japanese Invasion Money
Japanese invasion money, officially known as Southern Development Bank Notes ( ''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 in World War II. In February 1942 in Japan, laws were passed establishing the Wartime Finance Bank and the Southern Development Bank. Both institutions issued bonds to raise funds. The former loaned money primarily to military industries, but also to a wide range of other ventures, including hydroelectric generators, electric power companies, shipbuilding and petroleum. The latter provided financial services in areas occupied by the Japanese military, and Southern Development Bank notes were in fact used as ''de facto'' military scrip. In December 1942, the outstanding balance of Southern Development Bank notes stood at more than 470 million; in March 1945, more than 13 billion. Already ...
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North Borneo
North Borneo (usually known as British North Borneo, also known as the State of North Borneo) was a British Protectorate, British protectorate in the northern part of the island of Borneo, which is present day Sabah. The territory of North Borneo was originally established by concession (territory), concessions of the Sultanates of Bruneian Empire, Brunei and Sultanate of Sulu, Sulu in 1877 and 1878 to a German Empire, German-born representative of Austria-Hungary, a businessman and diplomat, Gustav Overbeck. Overbeck had recently purchased a small tract of land in the western coast of Borneo in 1876 from American merchant Joseph William Torrey, who had promoted the territory in British Hong Kong, Hong Kong since 1866. Overbeck then transferred all his rights to Alfred Dent before withdrawing in 1879. In 1881, Dent established the North Borneo Provisional Association Ltd to manage the territory, which was granted a royal charter in the same year. The following year, the Provisional ...
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British Malaya
The term "British Malaya" (; ms, Tanah Melayu British) loosely describes a set of states on the Malay Peninsula and the island of Singapore that were brought under British hegemony or control between the late 18th and the mid-20th century. Unlike the term "British India", which excludes the Indian princely states, British Malaya is often used to refer to the Federated and Unfederated Malay States, which were British protectorates with their own local rulers, as well as the Straits Settlements, which were under the sovereignty and direct rule of the British Crown, after a period of control by the East India Company. Before the formation of the Malayan Union in 1946, the territories were not placed under a single unified administration, with the exception of the immediate post-war period when a British military officer became the temporary administrator of Malaya. Instead, British Malaya comprised the Straits Settlements, the Federated Malay States, and the Unfederated Ma ...
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Battle Of Singapore
The Fall of Singapore, also known as the Battle of Singapore,; ta, சிங்கப்பூரின் வீழ்ச்சி; ja, シンガポールの戦い took place in the South–East Asian theatre of the Pacific War. The Empire of Japan captured the British stronghold of Singapore, with fighting lasting from 8 to 15 February 1942. Singapore was the foremost British military base and economic port in South–East Asia and had been of great importance to British interwar defence strategy. The capture of Singapore resulted in the largest British surrender in its history. Prior to the battle, Japanese General Tomoyuki Yamashita had advanced with about 30,000 men down the Malayan Peninsula in the Malayan campaign. The British erroneously considered the jungle terrain impassable, leading to a swift Japanese advance as Allied defences were quickly outflanked. The British Lieutenant-General, Arthur Percival, commanded 85,000 Allied troops at Singapore, although many units ...
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Polynesia
Polynesia () "many" and νῆσος () "island"), to, Polinisia; mi, Porinihia; haw, Polenekia; fj, Polinisia; sm, Polenisia; rar, Porinetia; ty, Pōrīnetia; tvl, Polenisia; tkl, Polenihia (, ) is a subregion of Oceania, made up of more than 1,000 islands scattered over the central and southern Pacific Ocean. The indigenous people who inhabit the islands of Polynesia are called Polynesians. They have many things in common, including language relatedness, cultural practices, and traditional beliefs. In centuries past, they had a strong shared tradition of sailing and using stars to navigate at night. The largest country in Polynesia is New Zealand. The term was first used in 1756 by the French writer Charles de Brosses, who originally applied it to all the islands of the Pacific. In 1831, Jules Dumont d'Urville proposed a narrower definition during a lecture at the Geographical Society of Paris. By tradition, the islands located in the southern Pacific have also ...
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Melanesia
Melanesia (, ) is a subregion of Oceania in the southwestern Pacific Ocean. It extends from Indonesia's New Guinea in the west to Fiji in the east, and includes the Arafura Sea. The region includes the four independent countries of Fiji, Vanuatu, the Solomon Islands, and Papua New Guinea. It also includes the French oversea collectivity of New Caledonia, Indigenous Australians of the Torres Strait Islands and parts of Indonesia, most notably the provinces of Central Papua, Highland Papua, Papua, South Papua, Southwest Papua, and West Papua. Almost all of the region is in the Southern Hemisphere; only a few small islands that are not politically considered part of Oceania—specifically the northwestern islands of Western New Guinea—lie in the Northern Hemisphere. The name ''Melanesia'' (in French, ''Mélanésie'') was first used in 1832 by French navigator Jules Dumont d'Urville: he coined the terms ''Melanesia'' and '' Micronesia'' along the preexisting '' Polyne ...
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Japanese Government-issued Philippine Peso
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). The Second Philippine Republic under President José P. Laurel outlawed possession of guerrilla currency, and declared a monopoly on the issuance of money, so that anyone found to possess guerrilla notes could be arrested or even executed. Some Filipinos called the fiat peso "Mickey Mouse money". Many survivors of the war tell stories of going to the market laden with suitcases or "''bayóng''" (native bags made of woven coconut or '' buri'' leaf strips) overflowing with the Japanese-issued bills. According to one witness, 75 "Mickey Mouse" pesos, or about 35 U.S. dollars at that time, could buy one duck egg. In 1944, a box of matches cost more than 100 ''Mickey Mouse'' pesos. These bills were often used by American psychological warfare personnel as propagan ...
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Second Philippine Republic
The Second Philippine Republic, officially known as the Republic of the Philippines ( tl, Repúbliká ng Pilipinas; es, República de Filipinas; ja, フィリピン共和国, ''Firipin-kyōwakoku'') and also known as the Japanese-sponsored Philippine Republic, was a Japanese puppet state established on October 14, 1943 during the Japanese occupation of the islands. Background After the Japanese invasion of the Philippines, President Manuel L. Quezon had declared the national capital Manila an "open city", and left it under the rule of Jorge B. Vargas, as mayor. The Japanese entered the city on January 2, 1942, and established it as the capital. Japan fully captured the Philippines on May 6, 1942, after the Battle of Corregidor. General Masaharu Homma decreed the dissolution of the Commonwealth of the Philippines and established the Philippine Executive Commission (), a caretaker government, with Vargas as its first chairman in January 1942. KALIBAPI — ( Tagalog for the "A ...
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Japanese Government-issued Currency In The Dutch East Indies
The Netherlands Indies gulden, later the Netherlands Indies roepiah (), was the currency issued by the Japanese occupiers in the Dutch East Indies between 1942 and 1945. It was subdivided into 100 sen and replaced the gulden at par. History Background In December 1941, the Empire of Japan began its assault on British Borneo; by January 1942 its armies had begun to attack those parts of the island which were part of the Dutch East Indies. This was followed by attacks on Sumatra and Java in February. Ultimately, the Dutch colonial government capitulated on 8 March 1942, though pockets of resistance lasted for several months. In the succeeding months, the Japanese government closed the banks, seized assets and currency, and assumed control of the Indies' economy. Java was left under the administration of the Sixteenth Army, Sumatra under the Twenty-Fifth Army, and the remainder of the archipelago under the Japanese Navy. This administrative division meant that some notes were h ...
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Japanese Occupation Of Indonesia
The Empire of Japan occupied the Dutch East Indies (now Indonesia) during World War II from March 1942 until after the end of the war in September 1945. It was one of the most crucial and important periods in modern Indonesian history. In May 1940, Germany occupied the Netherlands, and martial law was declared in the Dutch East Indies. Following the failure of negotiations between the Dutch authorities and the Japanese, Japanese assets in the archipelago were frozen. The Dutch declared war on Japan following the 7 December 1941 Attack on Pearl Harbor. The Japanese invasion of the Dutch East Indies began on 10 January 1942, and the Imperial Japanese Army overran the entire colony in less than three months. The Dutch surrendered on 8 March. Initially, most Indonesians welcomed the Japanese as liberators from their Dutch colonial masters. The sentiment changed, however, as between 4 and 10 million Indonesians were recruited as forced labourers ('' romusha'') on economic dev ...
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