Malaya and Singapore were under Japanese occupation from 1942 until 1945. The Japanese issued "banana notes" as the official currency to replace the Straits currency issued by the British. During that time, the cost of basic necessities increased drastically. As the occupation proceeded, the Japanese authorities printed more money to fund their wartime activities, which resulted in hyperinflation and a severe depreciation in value of the banana note.
Malaya and Singapore were under Japanese occupation from 1942 until 1945. The Japanese issued "banana notes" as the official currency to replace the Straits currency issued by the British During that time the cost of basic necessities increased drastically As the occupation proceeded, the Japanese authorities printed more money to fund their wartime activities, which resulted in hyperinflation and a severe depreciation in value of the banana note.