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100 Pesos
| Issuer | The Japanese Government |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | 100 THE JAPANESE GOVERNMENT ONE HUNDRED 臣蔵 府政國帝本日大 (Translation: Minister of Internal Affairs Imperial Government of Japan) |
| Reverse description | The reverse is printed in purple throughout, with an elaborate guilloche border of scrollwork and lace-pattern ornaments framing the entire field. A large green numeral "100" underprint dominates the left-centre, overlaid by bold black letterpress text reading "ONE HUNDRED PESOS" in the centre of the note. Denomination numerals "100" appear in each corner within circular cartouches, and the word "PESOS" is inscribed along the lower border. |
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| Comments |
Issued as part of Japan's military currency program for the occupied Philippines, this note circulated under a regime that had already begun printing far beyond any backing by 1944. The volume of military pesos issued throughout the occupation inflated prices catastrophically — Filipinos referred to the whole series as "Mickey Mouse money," a term that predated this denomination but applied with particular force as hyperinflation accelerated in the final occupation year.
The watermark was standard for the series but did little to prevent counterfeiting at a moment when the currency's credibility had already collapsed entirely on its own.