loading
reading
writing
saving
searching
US Military Payment Certificate - 10 cents - year 1969 - series 681 - $30 (Belmont MA)
QR Code Link to This Post
submarine
Circulated
Military payment certificates, or MPC, were a form of currency used to pay U.S. military personnel in certain foreign countries. They were used in one area or another from a few months after the end of World War II until a few months after the end of U.S. participation in the Vietnam War – from 1946 until 1973.
MPCs evolved from Allied Military Currency as a response to the large amounts of US Dollars circulated by American servicemen in post-World War II Europe.
Thirteen series of MPC were issued between 1946 and 1973.
Military payment certificates (MPC) were used to pay US military personnel stationed in foreign countries. They were created in order to reduce currency arbitrage. These MPCs could be redeemed for US dollars when a soldier left an MPC zone. If a soldier went on leave then the MPCs could be converted into local currency.
The MPC series 681 notes were issued from August 11th, 1969 to October 7th, 1970. They were issued to US military personnel in Vietnam.
currency money banknote papermoney note coin