100 Dollars "Banana Money" Japanese Government

Features

Issuer	Malaya (British Malaysia)
Period	Japanese occupation (1941-1945)
Type	Standard circulation banknotes
Year	1944
Value	100 Dollars
Currency	Dollar (1939-1953)
Composition	Papier
Size	170 × 82 mm
Shape	Prostokątny
Demonetized	7 September 1945
Number	N# 209842
References	P# M8 Standard Catalog of World Paper Money (10 volumes).

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Obverse

Widok na palmy i tradycyjne malajskie domy nad rzeką Automatically translated

Lettering:
THE JAPANESE GOVERNMENT
PROMISES TO PAY THE BEARER
ON DEMAND
ONE HUNDRED
DOLLARS

府政國帝本日大

Reverse

Człowiek i bawoły wodne w strumieniu Automatically translated

Lettering: 100

Comments

Po tym, jak siły japońskie zajęły Malaje na początku 1942 roku, wprowadziły nowe banknoty. Ponieważ na banknocie o nominale 10 dolarów widniał wizerunek bananowca, wojenną walutę nazywano bananowymi pieniędzmi. Przez pierwsze dwa lata okupacji Japończycy utrzymywali dyscyplinę monetarną i kontrolowali obieg tej waluty. Jednakże, gdy gospodarka handlowa kraju utknęła w martwym punkcie, nie było wiele do opodatkowania, a w celu sfinansowania administracji cywilnej i zakupu zaopatrzenia dla wojska, Japończycy zaczęli drukować coraz więcej pieniędzy. W grudniu 1940 r. aktywny obieg waluty na Malajach wynosił 120 milionów dolarów. Do połowy 1945 r. Japończycy mogli wydrukować 4 000 milionów dolarów, a aktywny obieg był 30 razy większy niż przed wojną. Przewidywalnym rezultatem była hiperinflacja.

M8a: M z pionową kreską w górę i w dół. Góra

M8b: M z pochyłym skokiem w górę i w dół. Dół

This is an automatic translation. The original text is:

After Japanese forces occupied Malaya early in 1942, they introduced new currency notes. Because the $10 note carried a picture of a banana plant, the wartime currency was referred to as banana money. For the first two years of the occupation, the Japanese maintained monetary discipline and kept circulation of this currency under control. However, with the country’s trading economy at a standstill, there was little to tax and, in order to fund the civil administration and purchase supplies for the military, the Japanese began printing more and more money. In December 1940, the active circulation of currency in Malaya was 120 million dollars. By the middle of 1945, the Japanese may have printed 4,000 million dollars, and the active circulation was 30 times greater than before the war. The predictable result was hyperinflation.

M8a: M with vertical upstroke and downstroke. Top

M8b: M with sloping upstroke and downstroke. Bottom

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Date	VG	F	VF	XF	AU	UNC		Frequency
Undetermined
ND (1944)		$ 3.80	$ 3.80	$ 5.10	$ 6.40	$ 11	(en) M8a: M with vertical upstroke and downstroke. Watermark. paper.	28%
ND (1944)	$ 0.79	$ 0.79	$ 5.30	$ 5.30	$ 5.30	$ 6.10	(en) M8b: M with sloping upstroke and downstroke. Paper with silk threads, without watermark.	65%
ND (1944)							(en) M8c: Block letters only. Watermark. woven paper.	8%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

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Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Katz Auction 104 Lot 199	19 Dec 2023	Undetermined	UNC	USD 11.62 (EUR 10.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 195 Lot 127	23 May 2026	Undetermined	AU	Unsold
© Katz Coins Notes & Supplies Corp.
	Katz Auction 140 Lot 1588	22 Oct 2024	Undetermined	AU	Unsold
© Katz Coins Notes & Supplies Corp.
	Katz Auction 59 Lot 168	23 Apr 2022	Undetermined	AU	USD 15.11 (EUR 13.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 147 Lot 272	17 Dec 2024	Undetermined	XF	USD 6.97 (EUR 6.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 145 Lot 729	29 Nov 2024	Undetermined	XF	USD 5.81 (EUR 5.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 143 Lot 133	13 Nov 2024	Undetermined	XF	USD 54.63 (EUR 47.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 140 Lot 1587	22 Oct 2024	Undetermined	XF	USD 12.78 (EUR 11.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 87 Lot 119	21 Jun 2023	Undetermined	XF	USD 36.03 (EUR 31.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 62 Lot 726	21 Jun 2022	Undetermined	XF	USD 23.24 (EUR 20.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.