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The Japanese occupation also outlawed any use of Hong Kong dollar and set a deadline for exchanging dollars into yen. [citation needed] When the military yen was first introduced on 26 December 1941, the exchange rate between the Hong Kong dollar and the military yen was 2 to 1. However, by October 1942, the rate was changed to 4 to 1.
In 1942 the Japanese issued paper scrip currency of 1, 5, 10 and 50 cents and 1, 5 and 10 dollars. The 1, 5 and 10-dollar notes initially had serial numbers; these were later omitted. In 1944, inflation led to the issuing of a 100-dollar note. In 1945, a replacement note 100-dollar bill was issued as well as a hyper-inflation 1,000 note.
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.
A yen (A圓, 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.
The 5 sen note (五銭紙幣) was a denomination of Japanese yen that was issued nonconsecutively from 1944 to 1948 in paper form. Five sen notes were worth one-twentieth of a yen, making them the lowest subsidiary yen banknote ever made. These notes were broken up into two types, which were issued before and after World War II.
In 1946, following the Second World War, Japan removed the old currency (旧円券) and introduced the "New Yen" (新円券). [1] Meanwhile, American occupation forces used a parallel system, called B yen, from 1945 to 1958. Since then, together with the economic expansion of Japan, the yen has become one of the major currencies of the world. [9]
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 ...
USD/JPY exchange rate 1971–2023. The yen (Japanese: 円, symbol: ¥; code: JPY) is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. [2] It is also widely used as a third reserve currency after the US dollar and the euro.