Source: Lee Geok Boi, "Colony to Nation, Pieces of Singapore History":, p.3.
Due to over-printing, the value of these notes were very small. in many cases, trade was reduced to barter.
(Source: lecture notes)
JAPANESE OCCUPATION
ECONOMIC CONDITIONS
>> Inflation
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Source: Lee Geok Boi, "Colony to Nation, Pieces of Singapore History":, p.3. |
The
Japanese printed as much money as they liked. These dollar notes
were known as the banana and coconut notes.
Due to over-printing, the value of these notes were very small. in many cases, trade was reduced to barter. (Source: lecture notes)
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