World War II, Allied Military Currency

Date: 1940's
Europe & Japan

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Item Description:

Two types of collections are available for these banknotes:

  • Regular, which includes Allied military currency circulated in Germany and Japan (2 notes)
  • Deluxe, which includes Allied military currency circulated in Germany, Japan, Italy, France, and Austria (5 notes)

 During and immediately after the Second World War, the Allied powers led by China, France, Britain, the Soviet Union, and the United States, working cooperatively, issued special military currency for Allied troops to use in liberated or newly occupied countries. Allied military currency, or AMC, was produced in Austrian schillings, French francs, German marks, Italian lire, and Japanese yen.

Although the notes were issued jointly by the major Allied powers, the bulk of the production was done in the United States. Each issue was produced in secret, and given a code name: Operation Husky (Italy), Operation Tom Cat (France), Operation Wild Dog (Germany), Operation Ordain (Austria), and Operation Toy Horse (Japan). The first notes went into circulation in August 1943, in Italy, and would not be completely withdrawn from use until the end of the decade.

This folio contains Allied military currency that circulated in liberated and occupied countries during and immediately after the Second World War. It is not unusual to find writing on the notes.


Your order will include:

  • The historical item(s) shown above
  • Archival grade plastic sleeve for protection
  • Information card and Certificate of Authenticity

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