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Foreign News
December 21, 1949
The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
In Manila, American armed forces personnel in the Philippines were paid in military script yesterday to combat inflation. A ban on US currency and foreign exchange was extended to US military, already in effect for Filipinos. Script used in service stores; personnel can exchange script for pesos but not vice versa.
Clipping
OCR Quality
98%
Excellent
Full Text
MANILA. (P) American armed forces personnel in the Philippines were paid in military script yesterday in an effort to combat inflation in the islands.
The ban against possession of United States currency and negotiable foreign exchange instruments was extended to the military personnel of the American government. The ban already was in effect for Filipinos.
The military script will be used for transactions in service stores. American military personnel may obtain as much peso currency as they desire in exchange for their $1. Pesos, however, may not be converted into script.
The ban against possession of United States currency and negotiable foreign exchange instruments was extended to the military personnel of the American government. The ban already was in effect for Filipinos.
The military script will be used for transactions in service stores. American military personnel may obtain as much peso currency as they desire in exchange for their $1. Pesos, however, may not be converted into script.
What sub-type of article is it?
Economic
What keywords are associated?
Philippines Inflation
Military Script
Currency Ban
Us Military Personnel
Where did it happen?
Manila, Philippines
Foreign News Details
Primary Location
Manila, Philippines
Event Date
Yesterday
Outcome
effort to combat inflation through military script payments and currency bans
Event Details
American armed forces personnel paid in military script; ban on US currency and foreign exchange extended to them; script for service stores; exchange script for pesos allowed, but not pesos for script