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<p>[QUOTE=&quot;lettow, post: 1727902, member: 6986&quot;]The Philippine JIM notes were printed in Japan.&nbsp; The counterfeit notes were not printed with stolen plates.</p><p><br /></p><p>I am not sure what you mean by &quot;monetizing&quot; the occupation currency.&nbsp; MacArthur declared the Philippine JIM notes as invalid (along with all pre-war Commonwealth peso notes) when he returned to the Philippines.&nbsp; The notes themselves were valueless from that point on but other instruments or accounts were not.&nbsp; If you deposited 500 JIM pesos in a bank account the day before the Allied landing you still had 500 pesos in your account after the landing.&nbsp; Similarly, if someone wrote you a check for 100 pesos the day before the landings but it was not cashed until afterwords you would have received 100 pesos in Victory notes.[/QUOTE]</p><p><br /></p>

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