Foreign News: Switch Day

Black-marketeers covet it, taxi drivers, dance-hall hostesses and restaurants accept it, and even Communist agents collect it for their own devious purposes. In Japan and Korea, the next best thing to U.S. greenbacks is U.S. military scrip. Although in theory MFC (military payment certificates) can be used only in post exchanges, commissaries and other military establishments, and only by the military or civilian employees of the military, "G.I. money" is considered more valuable than the wobbly Japanese yen or the even wobblier Korean hwan.

Last week, with all the security preparations of a landing...

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