Military Payment Certificate
This was issued to allied forces in Vietnam as currency in an
attempt to reduce the black market trade in US dollars.
This particular certificate was issued in July 1969 to
commemorate the landing on the moon. The battalion heard the
announcement over Armed Forces Radio, Vietnam. Also, as part of its
currency control the US authorities limited the amount of MPC that
could be exchanged, and, from time to time, replaced entire series
without notice. After a very short time, the old series would be
totally withdrawn from circulation and no further exchanges could be
made. It was therefore a most closely-guarded secret. This way,
black marketeers would be caught with old worthless MPC which
couldn't be exchanged for the new series. The Aussies dubbed the
paper 'Funny Money'.
BACK TO ALBUM
BACK TO CONTENTS PAGE