Allied Military Currency Italy Series 1943 (2 Lire) A42982770a Wwii Collectible


Allied Military Currency Italy Series 1943 (2 Lire) A42982770a Wwii Collectible

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Allied Military Currency Italy Series 1943 (2 Lire) A42982770a Wwii Collectible:
$2


Allied Military Currency Italy Series 1943 2 lire
A42982770A

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Allied Military Currency ("AMC") was a form of currency issued by the Allied powers during World War II, to be issued to troops entering liberated or newly occupied countries, as a form of currency control.

Background

Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency;[1] most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be severely problematic, risking severe inflation.[2] There were other problems as well; once dollars were circulating in a combat region, the opposing side could freely use its own stocks of dollars as currency, or acquire stocks for use elsewhere.[3] The high purchasing power of the dollar, and its easy transference back to the United States, also posed a significant incentive to black-marketeering.[4]

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Allied Military Currency Italy Series 1943 (2 Lire) A42982770a Wwii Collectible:
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