Answer:
During World War II in the Philippines, the occupying Japanese government issued a fiat currency in several denominations; this is known as the Japanese government-issued Philippine fiat peso (see also Japanese invasion money). The Second Philippine Republic under President José P.
Central bank: Japanese government
Banknotes: ₱1, ₱5, ₱10, ₱100, ₱500, ₱1000
User(s): Second Philippine Republic
Plural: pesos
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