LOT OF 32 NOTES • 1942 World War 2 Japanese Invasion Money, Japan’s Occupation of Philippines, 5 Centavos • Crisp, Uncirculated Condition

During World War II, the Japanese government issued its own paper currency, known as "Japanese Invasion Money," for the Philippines, including 5 centavos notes (and coins), intended to replace pre-war currency.

These notes featured local denominations (like 5 centavos) and stated "The Japanese Government," circulating from 1942 until U.S. liberation, becoming a significant, though often hyperinflationary, part of the wartime economy.