Note 1: Huaxing Banknotes are circulating banknotes issued by Huaxing Commercial Bank. Huaxing Commercial Bank was established in Shanghai in 1939. It is a joint venture between China and Japan in name, but in fact it is a Japanese bank. It has the right to issue currency and act as an agent for the treasury and public bonds of the puppet government.

Business and other privileges. The banknotes issued by the bank are called "Huaxing coupons", with three denominations: 10 yuan, 5 yuan, and 1 yuan. The auxiliary currency notes are divided into two types: 2 jiao and 1 jiao.

Joint Bank Notes are banknotes issued by the Japanese invaders through the pseudo-China Joint Reserve Bank. Their purpose is the same as that of Huaxing Notes, which is to take advantage of the status of legal currency in economic circulation. It does not exclude legal currency, but uses legal currency as reserves and is equivalent to it.

To facilitate the plundering of materials in occupied areas, plundering China's economic wealth, and obtaining foreign exchange. This is also a means of economic aggression and plunder by Japanese imperialism.

Note 2: Military tickets. A tool for plundering wealth issued and circulated by the Japanese invading army in the occupied territories. It appeared as early as the Russo-Japanese War, when the Japanese invaded China and during the subsequent Pacific War, in China, the Philippines, Myanmar, etc.

In the occupied areas, this kind of military tickets are being issued crazily. Since the military tickets are issued without a deposit as a refund and exchange support, and there is no specific issuing agency, the military tickets themselves are worthless and cannot even be exchanged for Japanese yen.
Chapter completed!