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Banknotes of the Japanese yen, known in Japan as Bank of Japan notes (Japanese: 日本銀行券, Hepburn: Nihon Ginkō-ken/Nippon Ginkō-ken), are the banknotes of Japan, denominated in Japanese yen . These are all released by a centralized bank which was established in 1882, known as the Bank of Japan. The first notes to be printed were ...
The series was released on 3 July 2024. The ¥10,000 bill features Shibusawa Eiichi and Tokyo Station. On 1 September 2021, it was announced via the Bank of Japan's Twitter account that printing of the new note design had commenced in preparation for the intended rollout in 2024. [5]
The sixth series (series F) notes are currently in circulation, and are the smallest of the three common bank notes, measuring 150 x 76 mm. The ¥1,000 bill features Kitasato Shibasaburō and The Great Wave off Kanagawa. This is also the first series of bank note that features English. It was first issued on 3 July 2024.
The ¥5,000 note (五千円紙幣 gosen-en shihei) is a banknote denomination of the Japanese yen. It was first introduced in Japan in 1957 to the third series of banknote releases (Series C). The latest release is Series F (2024).
The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, and divided decimally into 100 sen or 1,000 rin. The yen replaced the previous Tokugawa coinage as well as the various hansatsu paper currencies issued by feudal han (fiefs).
The "Bank of Japan Act" was promulgated on February 24, 1942 allowing the Bank of Japan to be re-organized to reflect the reality of World War II. [51] This act empowered the Bank of Japan to release nonconvertible notes in denominations of 1, 5, 10, and eventually 100 yen as fiat currency.
The beginning of the end for the 100 yen note came on August 26, 1966, when the Japanese cabinet voted to abolish the note. [ 3 ] [ 4 ] On August 1, 1974, one hundred yen notes were withdrawn from circulation, and both "series A", and "series B" notes were allowed to retain their legal tender status.
The Japanese government established a convertible bank note system by Dajo-kwan Notification No. 18 in May 1884. [36] Concurrently, the amount of old paper currency in circulation decreased allowing the amount of silver reserves to grow. This drove up the value of paper currency until it was about equal to that of silver coins by the end of 1885.