STORY OF THE NOTE

CHINA/JAPAN OCCUPATION P-M30 UNC ND(1945)

Introduction of military yen in Hong Kong

After the British colonial authorities of Hong Kong surrendered to the Japanese Imperial Army on 25 December1941, the newly installed Japanese occupational authorities decreed the military yen to be the legal tender of Hong Kong the following day. The Japanese occupation also outlawed any use of Hong Kong dollar and set a deadline for exchanging dollars into yen. Anyone caught with possession of dollars would be tortured. Read more

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