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As "Tokai Bank Money Museum", it opened in 1961. After a name change due to bank mergers, the present name was adopted in 2006. In 2009, it relocated to its present location near the Akatsuka-shirakabe (赤塚白壁) bus stop on Dekimachi-dori. It contains 10,000 exhibits of world currency. Utagawa Hiroshige's Ukiyo-e, "Fifty-three Stages of ...
2-1-1 Nihonbashi-hongokucho, Chūō, Tokyo: ... Kahei-hakubutsukan), formally known as the Currency Museum, Institute for Monetary and Economic Studies, ...
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).
Meanwhile, local governments issued their own currency 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. The system was replaced by a new one after the conclusion of the Boshin War, and with the onset of the Meiji government in 1868. [1]
In recognition of the fact that currency and monetary control is a component of overall economic policy, the Bank of Japan shall always maintain close contact with the government and exchange views sufficiently, so that its currency and monetary control and the basic stance of the government's economic policy shall be mutually harmonious.
A series F 10,000 yen note, featuring the portrait of Shibusawa Eiichi.. 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 ().
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A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold.