Japanese Government-issued Currency In The Dutch East Indies
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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 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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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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Indonesian National Revolution
The Indonesian National Revolution, or the Indonesian War of Independence, was an armed conflict and diplomatic struggle between the Republic of Indonesia and the Dutch Empire and an internal social revolution during Aftermath of WWII, postwar and Dutch East Indies#World War II and independence, postcolonial Indonesia. It took place between Indonesian Declaration of Independence, Indonesia's declaration of independence in 1945 and the Netherlands' Dutch–Indonesian Round Table Conference, transfer of sovereignty over the Dutch East Indies to the Republic of the United States of Indonesia at the end of 1949. The four-year struggle involved sporadic but bloody armed conflict, internal Indonesian political and communal upheavals, and two major international diplomatic interventions. Dutch military forces (and, for a while, the forces of the World War II Allies, World War II allies) were able to control the major towns, cities and industrial assets in Republican heartlands on Ja ...
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Netherlands Indies Civil Administration
The Netherlands Indies Civil Administration (abbreviated NICA; nl, Nederlandsch-Indische Civiele Administratie) was a semi-military organisation, established April 1944, tasked with the restoration of civil administration and law of Dutch colonial rule after the capitulation of the Japanese occupational forces in the Netherlands East Indies (present-day Indonesia) after World War II. In January 1946 the name was changed to Allied Military Administration-Civil Affairs Branch (AMACAB). After the British departure from the Indonesian arena and the disbandment of the SEAC in June 1946, the name was changed into Tijdelijke Bestuursdienst (Temporary Administrative Service). Foundation The NICA was established on April 3, 1944, in Australia and operated as a link between the Netherlands East Indies Government in exile and the Allied high command in the command area of the Southwest Pacific Area (SWPA). Based in (Camp Colombia) Brisbane it originally reported into the Allied command st ...
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Proclamation Of Indonesian Independence
The Proclamation of Indonesian Independence ( id, Proklamasi Kemerdekaan Indonesia, or simply ''Proklamasi'') was read at 10:00 on Friday, 17 August 1945 in Jakarta. The declaration marked the start of the diplomatic and armed resistance of the Indonesian National Revolution, fighting against the forces of the Netherlands and pro-Dutch civilians, until the latter officially acknowledged Indonesia's independence in 1949. The document was signed by Sukarno (who signed his name "Soekarno" using the Van Ophuijsen orthography) and Mohammad Hatta, who were appointed president and vice-president respectively the following day. The date of the Proclamation of Indonesian Independence was made a public holiday by a government decree issued on 18 June 1946. Background The beginnings of the independence movement In 1918, the Dutch authorities in the Dutch East Indies established a partly-elected People's Council, the ''Volksraad'', which for the first time gave Indonesian nationalists a ...
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Surrender Of Japan
The surrender of the Empire of Japan in World War II was announced by Emperor Hirohito on 15 August and formally signed on 2 September 1945, bringing the war's hostilities to a close. By the end of July 1945, the Imperial Japanese Navy (IJN) had become incapable of conducting major operations and an Allied invasion of Japan was imminent. Together with the United Kingdom and China, the United States called for the unconditional surrender of the Japanese armed forces in the Potsdam Declaration on 26 July 1945—the alternative being "prompt and utter destruction". While publicly stating their intent to fight on to the bitter end, Japan's leaders (the Supreme Council for the Direction of the War, also known as the "Big Six") were privately making entreaties to the publicly neutral Soviet Union to mediate peace on terms more favorable to the Japanese. While maintaining a sufficient level of diplomatic engagement with the Japanese to give them the impression they might be wi ...
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Bank Of Taiwan
The Bank of Taiwan (BOT, , see below) is a commercial bank headquartered in Taipei, Taiwan. It is owned by the government of Taiwan. History The Bank of Taiwan was established as Taiwan's central bank in 1899, during Japanese rule. The bank's creation was authorized in 1897 by the Bank Act of Taiwan which encouraged Japanese enterprises, such as the Mitsubishi and Mitsui Groups, to invest in Taiwan. Extensive cooperation ensued between the Nippon Kangyo Bank and the Bank of Taiwan. A financial crisis facing these banks in 1927 was relieved with assistance from the Bank of Japan. Bank branches were created in other parts of Asia as the Japanese empire expanded, including areas in China and Southeast Asia. After the Japanese surrender in 1945, the ROC government (led by the Chinese Nationalist Party, or KMT) took over the Bank of Taiwan and began issuing ''Taiwan dollars'', also known as ''Taiwan Nationalist Yuan'', through the Bank of Taiwan. This currency is now referr ...
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Yokohama Specie Bank
was a Japanese bank founded in Yokohama, Japan in the year 1880. Its assets were transferred to The Bank of Tokyo (now MUFG Bank) in 1946. The bank played a significant role in Japanese overseas trade, especially with China. The original bank building is now the Kanagawa Prefectural Museum of Cultural History. Background Following the signing of the Treaty of Amity and Commerce in 1859, Yokohama was opened as a port for foreign trade and quickly grew in importance. Through the New Currency Act of 1871, Japan adopted the gold standard along international lines, with 1 yen corresponding to 1.5g of pure gold. Silver coins were also issued for trade with Asian countries who favoured silver as a currency, thus establishing a de facto gold-silver standard.Japan Currency Museum (日本貨幣博物館) permanent exhibit However, inflation caused by the 1877 Satsuma Rebellion and the outflow of a large amount of silver due to increased imports, a large discrepancy arose between gov ...
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Jakarta
Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital and largest city of Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta is the largest city in Southeast Asia and serves as the diplomatic capital of ASEAN. The city is the economic, cultural, and political centre of Indonesia. It possesses a province-level status and has a population of 10,609,681 as of mid 2021.Badan Pusat Statistik, Jakarta, 2022. Although Jakarta extends over only , and thus has the smallest area of any Indonesian province, its metropolitan area covers , which includes the satellite cities Bogor, Depok, Tangerang, South Tangerang, and Bekasi, and has an estimated population of 35 million , making it the largest urban area in Indonesia and the second-largest in the world (after Tokyo). Jakarta ranks first among the Indonesian provinces in human development index. Jakarta's busin ...
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Caixa Geral De Depósitos
Caixa Geral de Depósitos (CGD) () is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876. CGD now has presence in 23 countries spanning four continents through branches, representative offices or direct equity interests in local financial institutions. CGD is the largest Portuguese financial group, with the highest domestic market shares in key areas such as customer deposits, loans and advances to customers, mortgages, insurance, mutual funds and real estate leasing (11.4%). Based on assets, it ranks 109 in terms of the world’s major banks. CGD is the 69th largest European bank. History *1876 — Caixa Geral de Depósitos was founded under the aegis of the Junta de Crédito Público. *1880 — Caixa Económica Portuguesa was founded as a savings bank for Portugal's poorer classes. *1885 — The two Caixas merged. *1896 — CGD was spun off from the Junta de Crédito Público. This was followed by the creation of C ...
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Timorese Pataca
The pataca was a monetary unit of account used in Portuguese Timor between 1894 and 1958, except for the period 1942–1945, when the occupying Japanese forces introduced the Netherlands Indies gulden and the roepiah. As in the case of the Macanese pataca which is still in use today, the East Timor unit was based on the silver Mexican dollar coins which were prolific in the wider region in the 19th century. These Mexican dollar coins were in turn the lineal descendants of the Spanish pieces of eight which had been introduced to the region by the Portuguese through Portuguese Malacca, and by the Spanish through the Manila Galleon trade. History The pataca was first introduced in Portuguese Macau and Portuguese Timor in the year 1894, but only as a unit of account for the silver Mexican dollar coins that circulated widely in the region at that time. In 1894, Macau and Portuguese Timor constituted one single administrative entity, but in 1896 Portuguese Timor became autonomous from ...
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Battle Of Timor
The Battle of Timor occurred in Portuguese Timor and Dutch Timor during the Second World War. Japanese forces invaded the island on 20 February 1942 and were resisted by a small, under-equipped force of Allied military personnel—known as Sparrow Force—predominantly from Australia, United Kingdom, and the Dutch East Indies. Following a brief but stout resistance, the Japanese succeeded in forcing the surrender of the bulk of the Allied force after three days of fighting, although several hundred Australian commandos continued to wage an unconventional raiding campaign. They were resupplied by aircraft and vessels, based mostly in Darwin, Australia, about to the southeast, across the Timor Sea. During the subsequent fighting, the Japanese suffered heavy casualties, but they were eventually able to contain the Australians. The campaign lasted until 10 February 1943, when the final remaining Australians were evacuated, making them the last Allied land forces to leave South ...
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