Five peso note used during the Japanese Occupation

Japanese invasion money (JIM) was paper money used by the Japanese to establish economic control in occupied areas during World War Two. This five peso note features the Jose Rizal monument in Rizal Park, Manila. Hyperinflation made the Japanese-Philippine pesos worthless, causing Filipinos to call it ‘Mickey Mouse money', implying that it was as good as play money.

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Five peso note used during the Japanese Occupation

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