WW2 Northern Malaya Emergency Fifty Bath overprinted(one dollar) banknote
In 1943 , The Imperial Japanese Government returned 4 Northern Malay states (Kedah , Perlis , Kelantan and Terengganu ) to the Axis-aligned Thai government as a reward for entering into a military alliance with the Japanese.
Plaek Phibunsongkhram at Hyde Park, New York, 1955
Then Prime Minister of Thailand, Minister Phibunsongkhram issued a declaration that the citizen of the annexed states will retain and be granted equal treatment henceforth. The Thai government then went on to issue new currency to the four states. To their dismay, the new currency was abruptly rejected by the Imperial Japanese since the Japanese were controlling power and still retained a significant degree of on control over the Thai government.
The Thai government issued currency of one dollar banknote amd three denominations Minted Tin coins ; 1 cents, 5 cents, 10 cents, were never released and circulated as the Imperial Japanese insisted the continuation usage of their Imperial Invasion Currency.
After the war, the Japanese occupation was defeated, and The Japanese Imperial control was no longer exercised in Thailand. This ultimately leads to the Japanese invasion currency no longer being used, and as a result annulled, Thailand was finally short on currency notes.
The shortage of currency notes in Thailand lead the Thai government to re-surface their originally printed notes of One Dollar, to be used as "Emergency" notes at that time , by overprinting "Fifty Baht" over the top. These emergency notes were only issued in Thailand.
(All information is from Malaysia Brunei & Singapore Banknote & Coins 8th Edition by KN Boon)
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must have costed them fortunes for that mistake!!
I've only heard of the Banana Money printed by the Japanese colonist but never a Thai version. Really learned something new today and im sure there is a greater lesson in the history there...
This prime minister thinking that the japanese army will treat them equal. But found themselves not given what was promise . If you can't issue on the land given to you mean you have no power over it . This cause his party to lose supporter .