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<p>[QUOTE=&quot;lettow, post: 2906658, member: 6986&quot;]The amount of notes counterfeited by the United States and Australia for the Philippines was nowhere near large enough to disrupt the economy.&nbsp; In fact, the amounts counterfeited were insignificant in comparison to the amount put into circulation by the Japanese.</p><p><br /></p><p>It was also not used in a way that would have a significant impact on the economy.&nbsp; By the time the counterfeit notes were introduced the Japanese had already wrecked the economy in the Philippines.</p><p><br /></p><p>The allegation that the counterfeiting was done to disrupt the economy in the Philippines was first put forth by the JAPWANCAP group in their unsuccessful attempt at suing the Japanese and United States governments to redeem Japanese Military Pesos after the war.&nbsp; There is no evidence to support this in official records.[/QUOTE]</p><p><br /></p>

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