TRADING IN YEN
STRICT CONTROLS IMPOSED Rec. 8.30 p.m. TOKIO, Mar. 10. General MacArthur has established stringent currency controls to prevent illegal trading in the yen and American dollars in all the Far East under his command. The new regulations prohibit United States troops from trading in American goods of any kind with non-Americans.
NEW MILITARY CURRENCY Rec 11.30 p.m. TOKIG, Mar. 10. The United States Army stopped all outgoing communications from Japan for several hours this morning while it suddenly called in all military currency for conversion to new notes as part of the new system of stringent currency controls. Officers expect to convert 60,000,000 dollars’ worth of military currency by 6 p.m. to-day, and the old occupation notes will be illegal after that hour. No counterfeiting has been reported in Japan, but the Japanese are known to have been buying military, currency in the belief that it was valuable. The army had repeatedly announced it to be legal tender only for occupation personnel.
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Otago Daily Times, Issue 26407, 11 March 1947, Page 6
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165TRADING IN YEN Otago Daily Times, Issue 26407, 11 March 1947, Page 6
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