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<p>[QUOTE=&quot;mlov43, post: 2532515, member: 16729&quot;]South Korea provided the second largest contingent of foreign soldiers fighting in the Vietnam War on the side of South Vietnam.</p><p><br /></p><p>Military Payment Certificate (MPC) was the currency in which South Korean soldiers stationed in Vietnam were paid (1966 ~ 1972). Paying soldiers in MPC was an effort to keep the introduction of stronger foreign currencies, like the <i>won</i> (and especially U.S. dollars from American soldiers) from inflating and destabilizing the local Vietnamese currency, the <i>piastre</i>. It also kept the black market operators and soldiers from profiting from currency arbitrage.</p><p><br /></p><p>Since South Korean soldiers have always been paid paltry monthly wages, this MPC is denominated as &quot;10 Jeon&quot; or one-tenth of a won. The monthly pay for a Private in the Korean army was probably only enough to supply him with a few packs of cigarettes. Today, Korean collectors will have to pay dearly to own one of these rare, original South Korean MPC. What was once &quot;kind of worthless&quot; is now worth hundreds of dollars in the collector market![ATTACH=full]541459[/ATTACH][/QUOTE]</p><p><br /></p>

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