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| In
January 1942, one month after Pearl Harbor was bombed by
the Japanese, the government fearing enemy invasion announced that "New Money" was on its way. Planned to start on July 1942 (it was extended to August 15, 1942) special notes imprinted with "Hawaii" would be the only legal tender and would have no value outside Hawaii. The new money was to consist of $1, $5, $10 and $20 denominations. Brown seals and serial numbers would replace the green and blue ones and the word "Hawaii" would appear twice on the front and once really big across the back. The old money would no longer be legal tender in Hawaii. Due to citizen resistance, it took 27 months to complete the transition and to have the new money in circulation. The government then appointed a special committee to dispose of some 200 million dollars of old money. First, it was sent to the Nuuanu Cemetery on Oahu to be burned in the crematory, but they could not handle the enormous quantity of notes. After much discussion, it was then hauled to the Aiea Sugar Mill on Oahu and it was there that it was incinerated. |
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| The following links
will lead you away from Banknotes.com. Don't forget to bookmark this page or to remember "BANKNOTES.COM": Country Info | Photos of Hawaii | History of Hawaii | Hawaiian Bills for Sale |
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