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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.
The first notes to be printed were released between 1885 and 1887 in denominations of 1 to 100 yen. Throughout their history, the denominations have ranged from 0.05 yen (aka 5 sen) to 10,000 yen. Banknotes under 1 yen were abolished in 1953, and those under 500 yen were discontinued by 1984.
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]
The yen was officially adopted by the Meiji government in an act signed on June 27, 1871. [3] While silver one yen coins are dated 1870, this indicates their mintage date at the San Francisco Mint as the coins were not issued until the following year. [1] [4] Gold one yen coins dated 1871 were not minted until 1872 at the newly formed Osaka ...
Currency ISO 4217 code Symbol or Abbrev. [2]Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp Euro
The 10 yen coin (十円硬貨, Jū-en kōka) is one denomination of the Japanese yen. The obverse of the coin depicts the Phoenix Hall of Byōdō-in , a Buddhist temple in Uji, Kyoto prefecture, with the kanji for "Japan" and "Ten Yen".
The four current banknotes of the Japanese yen, 1000-yen, 2000-yen, 5000-yen, and 10000-yen, have formal numbers 千, 弐千, 五千, and 壱万, respectively.
The yen and yuan sign (¥) is a currency sign used for the Japanese yen and the Chinese yuan currencies when writing in Latin scripts. This character resembles a capital letter Y with a single or double horizontal stroke.