Currencies - Japan issues new banknotes for the first time in 20 years
For the first time in 20 years, the Bank of Japan is issuing a new banknote series. The new notes in the denominations of 10,000, 5,000, and 1,000 Yen (approximately 57, 29, and 6 Euro) come "with the latest security features, including 3D-holograms," according to a statement from Bank of Japan Governor Kazuo Ueda. Efforts have also been made to improve the "universal design" of the notes. The notes became available in Japan from the morning.
On the 10,000-Yen note, there is a portrait of Shibusawa Eiichi, a businessman from the Meiji period (1868 to 1912) known as the "Father of Japanese capitalism." The 5,000-Yen note features the educator Tsuda Umeko, who lived until 1929, and the 1,000-Yen note depicts the 1931 deceased doctor and bacteriologist Kitasato Shibasaburo. On the reverse sides, there are images of Tokyo Station, the Japanese Wisteria vine, and pictures from the woodblock print series "Thirty-Six Views of Mount Fuji" by the artist Katsushika Hokusai.
Despite the trend towards cashless payment, "Cash is a safe payment method that can be used by anyone, anywhere, and at any time, and it will continue to play a significant role," says Ueda.
The new banknote series, introduced by the Bank of Japan for the first time in 20 years, features the Japanese Currency, the Yen, in denominations of 10,000, 5,000, and 1,000. These banknotes are issued from banks across Japan and boast advanced security features, such as 3D-holograms, to combat counterfeiting. The Bank of Japan Governor, Kazuo Ueda, emphasized that the design of the banknotes has also been improved for better accessibility.
