Malaya Japanese Occupation Banknote (World War 2)
The Japanese Occupation of Singapore
was a dark time in our history and one of the most iconic item that
relates people to this period was the money used, which was also known
as the banana note. This note was printed when the Japanese needed more
money which led to hyperinflation.
"The
Japanese issued banana money as their main currency since Straits
currency became rare. The Japanese instituted elements of a command
economy in which there were restrictions on the demand and supply of
resources, thus creating a popular black market. The "banana currency"
started to suffer from high inflation and dropped drastically in value
because the authorities would simply print more whenever they needed
more money; consequently the black market often used Straits currency."
Currently, this is one of the cheapest Malaya note that can be collected. I am selling this uncirculated 10 dollars note at 4 dollars each for anyone who is interested to obtain a piece of Singapore history.
A Brief History of the Japanese Occupation
The
Japanese occupation of Singapore in World War II occurred between about
1942 and 1945 after the fall of Singapore on 15 February 1942. Military
forces of the Empire of Japan occupied Singapore after defeating the
combined Australian, British, Indian and Malayan garrison in the Battle
of Singapore. The occupation was to become a major turning point in the
history of several nations, including that of Japan, Britain and the
then colonial state of Singapore. Singapore was renamed to Syonan-to
(昭南島 Shōnan-tō), which means "Island of the Light of the South" or
"Southern Island (obtained) during Shōwa period".
Singapore
was officially returned to British colonial rule on 12 September 1945,
following the formal signing of the surrender instrument at City Hall.
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