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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 ...
Japan's first formal currency system was the Kōchōsen (Japanese: 皇朝銭, "Imperial currency"). It was exemplified by the adoption of Japan's first official coin type, the Wadōkaichin . [ 3 ] It was first minted in 708 CE on the orders of Empress Genmei , Japan's 43rd Imperial ruler. [ 3 ] "
These problems led the Japanese government to issue redesigned banknotes in 1882 to replace the old Meiji Tsuho notes. [11] [12] Additional measures were subsequently put into place which included the establishment of a centralized bank known as the Bank of Japan. All of the remaining Meiji Tsuho notes in circulation that weren't already ...
Many Japanese domains produced their own currency which happened chaotically, so that the nation's money supply expanded by 2.5 times between 1859 and 1869, leading to crumbling money values and soaring prices.
Large domains (200,000 koku and above) could issue currency valid for 25 years, and small domains for 15 years. His son Ieshige prohibited new issue of scrip, and restricted the circulation of scrip other than that exchangeable for silver, in 1759. Despite the prohibitions, domains in severe financial straits occasionally issued paper money.
Mannen Tsūhō (万年通宝 aka 萬年通宝) is an early form of Japanese currency that was issued from 760 to 765 AD (Tenpyō-hōji 4 to 9) during the Nara period. These are also known as the second issue of Kocho Junisen under the Ritsuryo system .
The 500 yen note (五百円紙幣) is a discontinued denomination of Japanese yen issued from 1951 to 1994 in paper form. Crudely made notes were first made in an unsuccessful attempt to curb inflation at the time, and the series as a whole is broken down into three different types of note.
An unofficial nickname dubbed "Takahashi notes" are also given for the "B series" as they feature former prime minister Takahashi Korekiyo on the front, and the Bank of Japan building on the back. The first 50 yen coins debuted in 1955, which was the beginning of the end for their 50 yen note counterpart as the two circulated concurrently.
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