The not you show is a 1942 OCCUPATIONAL or JIM issue $1 Dollar from Malaya, when Japan occupied the island during WWII.

Description:
Pick # M5 1 Dollar
ND (1942). Dark blue on pink underprint. Breadfruit tree at left,
coconut palm at right. With watermark. Block letters: MI; MO; or MS.

Your note appears to be in UNC condition and has a catalogue value of $1.00. These are pretty common since they were of no use once the country was liberated.

The JIM (Japanese Invasion Money)

Japanese government-issued dollar was a form of currency issued by Imperial Japan during the Japanese occupation of Singapore, Malaya, North Borneo, Sarawak, and Brunei between 1942 and 1945. The currency was also referred informally (and with more than a trace of contempt) as banana money , named as such because of the motifs of banana trees on 10 dollar banknotes (SEE AT BOTTOM- not from John Benedict or Walmart ). The Japanese dollar was in widespread use within the occupied territories where the previous currency became a scarcity. The currency was referred to as "dollars" and "cents" like its predecessors, the Straits dollar and Malayan dollar.
The Japanese dollar was one of several forms of Japanese invasion money issued throughout the then newly expanded Empire of Japan. Similar currencies were issued in Japanese-occupied Burma (as the Japanese rupee), the Dutch East Indies (as the Japanese guilder) and the Philippines (as the Japanese peso). Hope this helps.

Here are a few samples of other Occupational notes: http://poolenet.com/images/Currency/Special/Occupational/index.html