10 Roepiah Japanese Occupation

Part of the second series of Japanese military currency issued for the Dutch East Indies, this note was printed in Tokyo and shipped to the archipelago as Japan's occupation administration expanded its paper money supply well beyond what the local economy could absorb. By 1944, inflation in the occupied territories was accelerating sharply — the Roepiah issues were being produced in volume with little regard for monetary discipline, and the population increasingly refused them or exchanged them at steep discounts against pre-war Dutch colonial currency.

The National Printing Bureau had been producing occupation currency for multiple theatres simultaneously, and quality control in the later issues shows it.