MPCs were a form of currency used to pay U.S. military personnel in certain foreign countries. The military introduced MPCs as a form of currency that was convertible to U.S. dollars upon leaving an MPC zone, and also convertible to local currencies within the MPC zones. Between 1946 and 1973, 13 series were issued, with a total of 94 notes recognized. Many are bright and colorful, but all are rare these days. Only military personnel were allowed to be paid in military payment certificates. Contractors and defense personnel were excluded from being paid by these means.
The military payment certificates were active tender between 1946 and 1973 because there were very few foreign monetary exchanges in countries around the world. Certificates for military use ranged anywhere from 5 cents to 10 dollars, giving military members options on how to get paid or spend their money. 25 cent certificates and 50 cent certificates were also common. Payment certificates can be found in places all over the world in museums and exchange shops, but you can buy a large selection of them at APMEX.
Vouchers were issued both state side and overseas. After 1973, foreign monetary exchanges became more widely applied throughout the world, slowly phasing out the production of military payment certificates.
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