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<p>[QUOTE=&quot;lettow, post: 1493096, member: 6986&quot;]You have nailed it right on the head.</p><p><br /></p><p>Allied Military Currency was issued and denominated in the currency of the occupied country to compel the occupied country to foot the bill for the occupation.</p><p><br /></p><p>Military Payment Certificates were issued to try to alleviate the negative effects of a stonger currency (dollars) being issued in a country with a weak currency.&nbsp; The blackmarket exchange for US dollars led to a huge imbalance in payments from the theaters. More money was being sent back home than was going into theater as troop pay.&nbsp; This was an untenable situation.&nbsp; &nbsp; Although MPC did not eliminate the blackmarket it did solve the imbalance.</p><p><br /></p><p>Some will tell you that MPC was the successor to AMC.&nbsp; They actually served two distinct and unrelated purposes.&nbsp; In fact, MPC and AMC were used at the same time for those differnet purposes in Germany until the currency reform of 1948 and in Japan until 1951 (on Okinawa into the 1960s).[/QUOTE]</p><p><br /></p>

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