Philippine Banknotes: 1942 Fifty 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 issuance 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 Fifty Centavo banknote.

JIM 50C Plantation Obverse


JIM 50C Plantation Reverse


Dimensions (mm): 120 x 58

Paper: Unknown

The next higher denomination to the Ten Centavo banknote. This banknote differs slightly in design. The obverse now features a photo of what looks to be a banana plantation. Where this plantation is, I have no information. The money was in circulation for only a few years that information about these are quite scarce.

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 reprint.


~ by MAV on August 25, 2019.

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

  1. meron po akong kaibigan na mga lumang perang papel….nagmula pa daw po sa kanyang lolo ang mga ito…..pwedi bang ito ibenta or palitan????

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