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:
“The schoolmaster is abroad! And I trust to him armed with his primer against the soldier in full military array.”
—Jeremy Bentham (1748–1832)
“Your yen two wol slee me sodenly,
I may the beaute of hem not sustene,
So woundeth hit through-out my herte kene.”
—Geoffrey Chaucer (1340?–1400)
“How many people in the United States do you think will be willing to go to war to free Estonia, Latvia, and Lithuania?”
—Franklin D. Roosevelt (1882–1945)