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<p>[QUOTE="lettow, post: 2464018, member: 6986"]MPC and occupation currency are not similar. They served distinctly different purposes. The only thing they have in common is they were both issued by military authorities.</p><p><br /></p><p>Occupation currency was issued by the occupying authority in the unit of currency of the occupied country (or at favorable exchange rates in the case of German Reichskreditkassenscheine and Japanese Military Yen in China) to compel the occupied country to pay the cost of the occupation. Occupation currency is used for troop pay and for acquisition of goods and services by the occupying power. Occupation currency is intended to be absorbed into the economy of the occupied country.</p><p><br /></p><p>Military Payment Certificates were only issued to US military personnel as troop pay. They were not legal tender in the host country. They were not used for acquisition of goods and services by the US military. MPC was intended to segregate the US military economy from the economy of the host country.[/QUOTE]</p><p><br /></p>
[QUOTE="lettow, post: 2464018, member: 6986"]MPC and occupation currency are not similar. They served distinctly different purposes. The only thing they have in common is they were both issued by military authorities. Occupation currency was issued by the occupying authority in the unit of currency of the occupied country (or at favorable exchange rates in the case of German Reichskreditkassenscheine and Japanese Military Yen in China) to compel the occupied country to pay the cost of the occupation. Occupation currency is used for troop pay and for acquisition of goods and services by the occupying power. Occupation currency is intended to be absorbed into the economy of the occupied country. Military Payment Certificates were only issued to US military personnel as troop pay. They were not legal tender in the host country. They were not used for acquisition of goods and services by the US military. MPC was intended to segregate the US military economy from the economy of the host country.[/QUOTE]
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