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.
Aliases (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
→
|
| 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 |
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 |
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 (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Bureau of Engraving and Printing
→
|
product |