How much is a Mickey Mouse money?
According to one witness, 75 “Mickey Mouse” pesos, or about 35 U.S. dollars at that time, could buy one duck egg….
| Japanese government-issued Philippine peso | |
|---|---|
| Obverse and reverse of the 500 pesos note, 1944-1945 | |
| Denominations | |
| Subunit | |
| 1/100 | Cent Centavo or Céntimo (Spanish) Sentimo (Filipino) |
Why the fiat peso is called Mickey Mouse money?
During their control of the island, the Japanese government issued new currency. These peso were non-affectionately named “Mickey Mouse money” by the Filipinos due to their value drastically decreased near the end of World War II.
When was Mickey Mouse money created?
In 1943, the Japanese assigned Dr. Ba Maw, a popular Burmese ruler, as the head of the puppet government. From that year, paper scrip currency of 1, 5 and 10 Rupee with a 100 Rupee note were issued.
What is Mickey Mouse money in the Philippines?
These peso were non-affectionately named “Mickey Mouse money” by the Filipinos due to their value drastically decreased near the end of World War II. This peso was most likely issued near the end of WWII as 1000 peso notes were needed due to hyperinflation.
Why is it called Mickey Mouse money?
These peso were non-affectionately named “Mickey Mouse money” by the Filipinos due to their value drastically decreased near the end of World War II. This peso was most likely issued near the end of WWII as 1000 peso notes were needed due to hyperinflation. At one point, 75 pesos (the then equivalent of 34 US dollars) could buy one duck egg.
What was the Japanese currency in the Philippines during WW2?
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 ).
What was the name of the Japanese money that was printed?
Locally printed Japanese Invasion Money featuring “The Japanese Government” was circulated. Other local notes called “Mickey Mouse Money” came with the words “promises to pay the bearer on demand”. They were issued in so much excess that they were considered valueless and burned down completely.