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July 18, 1943
new bills
New Bills

The Japanese will issue new currency bills with serial numbers and watermarks. Old bills will remain in circulation. It won't make any difference. Genuine pesos trade at a 30% premium and dollars at a 60% premium over military currency.

E.M. counsels the PCPI needs to have a "strong and capable organization." The people are to have no say: "Let us discard our native longings for personal liberty." The new government would also require a "proficient secret intelligence service to nip untoward obstructive activities in the bud."