Military Occupation Currency

This Article presents a modern survey of a State's monetary rights and duties during and after military occupation of another State. The author argues that the belligerent occupant has broad monetary powers to issue currency, control financial institutions and regulate in response to military necessity. In contrast, the Hague Regulations impose upon the occupant a few, general obligations which can be construed to limit the occupant's unreasonably inflationary actions or total destruction of the occupied country's economy. The author concludes that international law governing the occupant's conduct is loose and lenient, as a result of a general lowering of the pertinent standards of modern times.