25 Cent Military Payment Certificate - Series 481 - US Currency

25 Cents Military Payment Certificate, Series 481. MPCs evolved from Allied Military Currency initially used in Europe during World War II. This was a response to the large amounts of US Dollars circulated by American servicemen in post-World War II Europe. Because the futures of local governments were unclear, the local citizens might not trust local currencies. Because they preferred a stable currency like U.S. dollars, local civilians often accepted payment in dollars for less than the accepted conversion rates. As dollars became more favorable to hold, the local currencies became inflated, thwarting Allied plans to stabilize local economies. Read more at https://en.wikipedia.org/wiki/Military_payment_certificate