This is a Japanese Government issued Philippine fiat peso (also known as Japanese invasion money). When these notes were demonetized, two punch holes were made through the notes to indicate they had been "cancelled" and no longer had redeemable value.
No doubt, this money was handled by Edmund, and perhaps sent or brought home to show the family. Read more about how this money was used during WWII as currency, as well as psychological warfare, here (wikipedia). Click on "comments" above to add your thoughts and/or memories.
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