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In Hong Kong, the military yen was forced upon the local population as the sole official currency of the territory. [1] Since the military yen was not backed by gold, and did not have a specific place of issuance, the military yen could not be exchanged for the Japanese yen. Forcing local populations to use the military yen officially was one ...
Japanese Allied Military Currency (A yen and B yen) - used in Korea, issued for use in Japan but then demonetized there before they could be used [5] The majority of the notes were printed by the United States Bureau of Engraving and Printing, with some were printed by the Soviet Union and by the Japanese Ministry of Finance.
Worsened economic conditions in the following years forced the Japanese government to begin printing notes of larger denominations of 100 dollars in 1944 and 1,000 dollars in 1945. [1] The 100 dollar note was redesigned in the 1945 series to accommodate for the new 1,000 dollar note, recycling a majority of design elements from the 1944 100 ...
A yen (Aċ, A en) was a colloquial term used to refer to a form of military scrip used in post-war US-occupied Japan, Korea, and Okinawa from September 7, 1945, to July 21, 1948. Unlike their B Yen counterparts, these notes were restricted to military use only with the exception of Korea for a brief time.
In the brief time between the 1945 battle of Okinawa and the beginning of the US occupation, the islands went from a currency-free system, relying upon barter and distributions of supplies from the authorities, to the reintroduction of currency with the B yen, the introduction of the new Japanese yen (both "new yen" and "B yen" being used ...
The 1 yen note (1ċċ¸) was a denomination of Japanese yen in seven different series from 1872 to 1946 for use in commerce. These circulated with the 1 yen coin until 1914, and briefly again before the notes were suspended in 1958.
In 1985, the agreement of G5 nations, known as the Plaza Accord, USD slipped down and Yen/USD changed from 240yen/$ to 200yen/$ at the end of 1985. Even in 1986, USD continued to fall and reached 160yen/$. In order to escape deflation, the BOJ cut the official bank rate from 5% to 4.5% in January, to 4.0% in March, to 3.5% in April, 3.0% in ...
At the time of its introduction in 1945 the won was pegged to the Japanese yen at a rate of 1 won = 1 yen. In October of the same year the anchor currency was changed to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devalued at 6000 won = 1 dollar. [1]