Philippine Banknotes: 1942 Five Centavo Japanese Invasion Money

The Empire of Japan occupied the Philippines from 1942 to 1945. It was during these years that the Japanese government declared a monopoly of the issueance of money. Starting sometime in 1942 new banknotes were released by the Second Philippine Republic under President Jose P. Laurel. These were formally known as Japanese government-issued Philippine peso. Many Filipinos call the currency Mickey Mouse Money.

Denominations released in 1942 are 1 Centavo, 5 Centavos, 10 Centavos, 50 Centavos, 1 Peso, 5 Pesos, and 10 Pesos. In later years until 1945 100 Pesos, 500 Pesos, and 1000 Pesos were added due to hyperinflation.

Featured here is the Five Centavo banknote.

JIM 5C Plantation Obverse


JIM 5C Plantation Reverse


Dimensions (mm): 100 x 47

Paper: Unknown

Slightly larger is size compared to the One Centavo, the design follows the same theme. Also printed on inferior paper, this banknote does not exude quality. However, these were printed in mass with the purpose of rapidly replacing the official currency of the Philippines at the time. This is part of the first release known as the Plantation Series.

Complete sets can be had from coin dealers for Php 2,500. Why so steep a price? Well, the higher denominations are harder to come by in its original mint state and reproductions or reprints of the higher denominations on modern copy paper are plentiful.

These can be bought from local coin dealers for 10 pesos, They are usually just in a pile on a table and selecting a good condition sample is not that hard. It is important to note however, that these were not printed on white paper. If you find one that is printed on white paper, it’s highly possible that it is a modern reprint.


~ by MAV on August 18, 2019.

One Response to “Philippine Banknotes: 1942 Five Centavo Japanese Invasion Money”

  1. I have old japanesse money worth of 60 thousand and also i have a coins.. how much you buy it?

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