Reserve Bank of Australia

The Commonwealth Bank and the Note Issue: 1920–1960

World War II

Occupation Currency Notes

Not all notes intended for issue in Australia were produced here. During World War II the Japanese Government printed currency notes, some denominated in the Australian pound, for use in Pacific countries intended for occupation.

Image showing the front of a half shilling note Image showing the front of a one shilling note

These half and one shilling notes are typical of the occupation currency used in captured parts of Papua New Guinea during the War.

Image showing the front of a one hundred yen note

Conversely, yen-denominated currency notes were designed by the Allies as an occupation currency in Japan.