military payment certificates (historical)
E4776
Military payment certificates were special U.S. military currency used overseas to pay American service members while helping prevent black-market activity and currency arbitrage.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Military Payment Certificates | 1 |
| military payment certificates (historical) canonical | 1 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
military currency
ⓘ
paper money ⓘ |
| circulationArea |
military commissaries
ⓘ
overseas U.S. military installations ⓘ post exchanges ⓘ |
| collectibleStatus | numismatic collectible ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| denominations |
fractions of a dollar
ⓘ
whole‑dollar denominations ⓘ |
| denominationType | dollar‑denominated currency ⓘ |
| designFeature |
distinctive colors for different denominations
ⓘ
series identifiers printed on notes ⓘ |
| discontinued | 1973 ⓘ |
| economicEffect | limited the impact of U.S. military spending on local currency markets ⓘ |
| exchangePolicy |
redeemable for U.S. dollars only by authorized personnel
ⓘ
subject to mandatory conversion during C‑days ⓘ |
| firstIssued | 1946 ⓘ |
| form | banknote‑style certificates ⓘ |
| introducedAfter | World War II ⓘ |
| issuer |
Department of Defense
ⓘ
surface form:
United States Department of Defense
United States Department of the Treasury ⓘ |
| lastSeriesIssued | Series 692 ⓘ |
| legalTenderStatus |
legal tender only within designated U.S. military payment certificate areas
ⓘ
not legal tender in the United States ⓘ |
| managedBy | U.S. military finance offices ⓘ |
| material | paper ⓘ |
| mediumOfExchangeIn | U.S. military bases overseas ⓘ |
| prohibitedUse | not to be possessed by local civilian populations ⓘ |
| purpose |
control the flow of U.S. dollars in overseas military areas
ⓘ
pay U.S. military personnel stationed overseas ⓘ prevent currency arbitrage ⓘ reduce black‑market activity ⓘ |
| regulatingAuthority |
Department of Defense
ⓘ
surface form:
U.S. Department of Defense
|
| relatedTo |
Allied Military Currency
ⓘ
U.S. military scrip ⓘ |
| replacedBy | U.S. dollars in cash ⓘ |
| riskMitigation | reduced risk of theft of U.S. dollars on bases ⓘ |
| securityFeature |
colorful designs to deter counterfeiting
ⓘ
frequent series changes ⓘ limited circulation zones ⓘ sudden conversion days known as C‑days ⓘ |
| status | obsolete currency ⓘ |
| timePeriod | mid‑20th century ⓘ |
| usedBy |
U.S. service members
ⓘ
United States Armed Forces ⓘ |
| usedDuring |
Cold War era
ⓘ
Korean War ⓘ Vietnam War ⓘ |
| userRestriction | intended for use only by U.S. military personnel and authorized civilians ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.