The “Mickey Mouse Money” During World War II in the Philippines, the occupying Japanese issues a fiat money, a government-issued currency that is not backed by a commodity such as gold and it’s the government that decrees its value. The Japanese-Philippine currency was derisively termed “Mickey Mouse Money” by the Filipinos- an obvious reference to their contempt for the Japanese occupation. The size and format of the smaller denominations is very similar to other occupation currencies made by t
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Understanding Mickey Mouse Money: History and Significance
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This Japanese WWII banknote, called “Mickey Mouse money”, was printed in massive amounts during the Japanese occupation of the Philippines. It lost value quickly due to inflation, earning its nickname. The note shows the Rizal Monument, which survived the Battle of Manila, where much of the city and its historic buildings were destroyed. This banknote reflects World War II history, Japanese occupation, Filipino culture, economic pressures, and rare collectibles. #Philippines #history #wwii | Jon
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