Editing Hyperinflation (section)

===Malaya and Singapore (Japanese occupation)===
[[File:Notes issued by the Japanese Government during the occupation of Malaya, North Borneo, Sarawak and Brunei, used in Batu Lintang camp, Sarawak (1942–1945, obverse).jpg|thumb|Banana banknotes issued by the Japanese Government during the occupation of Malaya. The term "banana notes" originates from the [[motif (art)|motif]] of banana trees on the currency's 10-dollar banknote.]]

Malaya and [[Japanese occupation of Singapore|Singapore]] were under [[Japanese occupation of Malaya|Japanese occupation]] from [[Fall of Singapore|1942]] until [[Atomic bombings of Hiroshima and Nagasaki|1945]]. The Japanese issued "[[banana notes]]" as the official currency to replace the [[Straits dollar|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.

From February to December 1942, $100 of Straits currency was worth $100 in Japanese [[scrip]], after which the value of Japanese scrip began to erode, reaching $385 in December 1943 and $1,850 one year later. By 1 August 1945, this had inflated to $10,500, and 11 days later it had reached $95,000. After 13 August 1945, Japanese scrip had become valueless.<ref>{{cite web|title=Banana Money Exchange|url=http://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitstimes19481217-1.2.75.aspx|work=The Straits Times|access-date=27 May 2015|archive-url=https://web.archive.org/web/20150527105225/http://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitstimes19481217-1.2.75.aspx|archive-date=27 May 2015|url-status=live}}</ref>