5RAR Tiger Logo Phuoc Tuy Province

MPC (military payment certificate

Military Payment Certificate (MPC)

    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 After a very short time, the old series would be totally withdrawn from circulation and no further exchanges could be made.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'.