WWII Authentic Japanese Government 10 Pesos Occupation NICE GEM UNCIRCULATED

Description

1) JAPANESE 10 PESO CRISP
GEM UNCIRCULATED,  FREE SHIPPING!
The Japanese Peso is considered invasion money and was officially known as Southern Development Banknotes. The Japanese military issued this currency to replace local currency after Japan invaded countries and colonies in World War II.
This was done under the authority of the Japanese government, which passed laws establishing the Wartime Finance Bank and the Southern Development Bank.
The Philippines had been American territory since control of the region was taken from the Spanish in 1898. Transition to independence had begun with the passage of the Tydings–McDuffie Act in the U.S. Congress. This created a new constitution for the Philippines, and the island nation became known as the Commonwealth of the Philippines. The new country had its own coinage and currency as dictated by the U.S. Congress.
On December 8, 1941, the Japanese invaded the Philippines. When the Japanese gained control of the Philippines later, in December of 1941, the military confiscated all hard currency from the government and civilians. It is estimated that they seized more than million U.S. dollars and local cash. An unknown amount of foreign currency and bullion were also confiscated. Japan used the money that was confiscated to purchase raw material, food, and weapons to supply its war machine during World War II.
They replaced the confiscated currency with locally printed notes bearing a proclamation that they were for military use and bore the name of the Imperial Japanese government. This practice was also instituted in Malaya, Singapore, North Borneo, Sarawak, Brunei, Burma, Dutch East Indies (or the Netherlands), and Oceania (British New Guinea, the Solomon and Gilbert Islands, and several small island outposts).
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