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1 Cent
| Issuer | United States Armed Forces Institute of Finance (USAFIF) |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | USAFIF GOOD FOR ONE 1 CENT at Post Exchange A.P.O. or Red Cross ONLY. |
| Reverse description | Log in to see details |
| Reverse lettering | Will be redeemed by the Finance Officer U.S.A.F.I.F. On presen- tation SERIES ONE 1 |
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| Comments |
The United States Armed Forces Institute of Finance notes were issued for use in military post exchanges and service facilities during the final year of World War II, functioning as a controlled scrip to prevent American currency from entering local black markets in occupied and liberated territories. The USAFIF series was a late-war rationalization of earlier, theater-specific MPC (Military Payment Certificate) precursors — a way to keep dollar value within the military economy without exposing hard currency to circulation outside it.
S&B#1381 places this squarely in the Schwan-Boling specialized catalog, the primary reference for U.S. military payment issues.