Military Yen After The War
After Japan announced its unconditional surrender on 15 August 1945, military yen banknotes were seized by British military authorities. However, although there was about as much as 1.9 billion yen, the Japanese military administrations intentionally destroyed 700 million worth of it.
On 6 September 1945, the Japanese Ministry of Finance announced that all military yen became void. Overnight the military yen literally became useless pieces of paper to the people of Hong Kong.
Read more about this topic: Japanese Military Yen
Famous quotes containing the words military, yen and/or war:
“In politics, it seems, retreat is honorable if dictated by military considerations and shameful if even suggested for ethical reasons.”
—Mary McCarthy (1912–1989)
“Diamond, the only trouble with you is you’d like to be me. You’d like to have my organization, my influence, my fix. You can’t; that’s impossible. You think it’s money; it’s not. It’s personality. You haven’t got it, Lieutenant. You’re a cop. Slow. Steady. Intelligent. With a bad temper, and a gun under your arm. And with a big yen for a girl he can’t have. First is first, and second is nobody.”
—Philip Yordan (b. 1913)
“I thought that’s what this war was about. Making people pay taxes when they didn’t have no say so about it.”
—Lamar Trotti (1898–1952)