As you know, in the world there are almost as many types of currency, but on the Earth there are sovereign states.Almost every nation has the appearance of your own money is accompanied by changes in the country, which have historical significance.Is no exception and the Japanese currency, which arose during the epoch-making changes in Japan.
When did the yen?
monetary system of the island nation to the Meiji era was a different kind of valuable resources: they were like paper money and coins from different precious metals (copper, silver and gold).And at the same level and functioning central government signs, and currency separate principalities.This monetary system was complex and was called "Zen".
Modern Japanese currency came after the reform of some changes in the country during the Meiji period (1869).Then the government has adopted a decimal currency system with calculus, in which one was 100 yen sen, and the last one can be divided into 10 Rin.
is worth noting that the monetary unit of Japan's period of adoption was once tied to the global gold standard.The first coins of the yen was equal to 15 mg of gold and silver was forged from 24.3 These signs were round, and this differed from previous money (which are available in different shapes: square, oval, rectangular, and so on), as a result, and got itscalled "yen" from the kanji 円 (round).
Monetary policy
With the establishment of a standard currency the Government of Japan has entered a "sterling bloc" than the marked dependence of its currency from the British in the share of the world economy.In 1933, Japan had to abandon the gold standard, and after that the exchange rate affects the amount of the precious metal, which had a total monetary unit of Japan.In the 40s of the 20th century, the unstable state of the economy and the military actions in China resulted in the fall of the content of the noble element set 15 mg to 2.9 mg.As a result, the island state government has decided to shift to the US dollar.
In 1953, the IMF formally approved the parity of the Japanese currency, which has been equated with 2.5 mg of gold.Thus, the monetary sign of the rising sun has been recognized the world community.Gradually, the yen rose, and it became a convertible currency.
Banknotes
Modern means of payment in Japan are paper notes rated up to 10,000, and coins in denominations of 1, 10 and 50, and 100 and 500 yen.Pre-existing small signs, such as Rin and Sen, were abolished.If the reader is interested in the question of which currency in Japan (that is how it looks), give the following information.
Coins in denominations of 500, 100 and 50 yen made of nickel alloy on the back of these values are represented flowers that are of particular importance for the people of this country (paulownia, cherry and chrysanthemum).
coins of 10 and 5 yen is made of bronze, and decorated with the image of a Buddhist monastery and an ear of rice, respectively.1 yen to use aluminum, the front side is decorated with a symbol of seedlings.
banknotes contain portraits of the most significant people in Japan.This, as a rule, workers who have received worldwide fame in the field of literature, enlightenment and other areas.For example, 1,000 yen is decorated with a portrait of Natsume Soseki.Recall also that the name of the monetary unit of Japan's system of banking codes - JPY.
To date, this type of currency has lost a little weight in the world economy as a result of a strong earthquake that resulted in large losses as well as the crisis situation in the world community.However, the yen continues to be used on stock exchanges, as it has a more stable position in comparison with other currencies.
