These facts surprise even native people about Japanese paper money

The currency in Japan is as interesting and unique as the culture of the country itself. That’s why many people who travel to Japan bring back a few coins as gifts. relatives and friends as a lucky gift.

Yen is the currency of Japan (written in Japanese as 円 (En) with symbol ¥ and has The code is JPY in the ISO 4217 standard table. Yen became Japan’s currency from June 27, 1871. Japanese money is divided into two types: coins and paper money. This article will discuss paper currency.

Japanese paper money has 4 denominations: 10,000 yen (about 2,100,000 VND) 5,000 yen (1,050,000 VND) 2,000 yen (420,000 VND) and 1,000 yen ( 210,000 VND).  And below are some facts about this country’s paper money. What’s interesting is that these facts are very little known even to some Japanese people.

Life expectancy is 1 – 5 years later treated as waste

According to the Bank of Japan, the average lifespan of a 10,000 yen bill is about 4 – 5 years. 5,000 yen and 1,000 yen bills are used more frequently, leading to faster wear and tear, thereby reducing their lifespan to 1 – 2 years.

Money in circulation will be sent back to the Bank of Japan by financial institutions. Here, the competent person will be responsible for checking the level of damage of the money before making a decision to return it to circulation or cancel it. The bills subject to cancellation will be shredded and can be recycled and used as toilet paper, office supplies… or burned as regular waste.

Friendly design for the visually impaired

Japanese banknotes are created so that the blind can also distinguish them. distinguish them. That’s because the ink is applied thicker in certain positions on the bill to help people who can’t see distinguish it by feeling their hands.

The location of those thicker printed areas is in the lower left and right corners of the front. The 10,000 yen denomination is distinguished by its “hook shape”, the 5,000 yen note has an “octagonal shape”, the 1,000 yen note has a “horizontal line” and the 2,000 yen note has the Japanese braille symbol “2”.</p >

On the 10,000 yen and 5,000 yen bills, there is a hologram in the lower left corner of the front that feels smooth to the touch. For 5,000 yen notes issued after May 2014, the transparency layer of the hologram has been changed from oblong to square and increased 17 times in size. This is to further distinguish it from the 10,000 yen note, which has an elongated hologram.

Neither the 1,000 yen nor the 2,000 yen note has a hologram. Since 2,000 yen notes are rarely circulated, if the note does not have a hologram, it is usually a 1,000 yen note.

Money in circulation is Can damage be exchanged?

If money in circulation is damaged or dirty, people can go to the Bank of Japan headquartered in NihonbashiTokyo or one of 32 branches of this bank across the country. It is also possible to exchange at a number of designated commercial financial institutions.

If the money in circulation is damaged or dirty, you can go to the bank to exchange it (Photo: Live Japan).< /p>

The following criterion is used to determine the amount of loss when exchanging currencies: if two-thirds or more remain more than the total area of ​​money will be converted to 100% of the value; The remaining more than two-fifths and less than two-thirds are converted to 50 % of the value; Anything less than two-fifths cannot be exchanged.

2,000 yen notes are very rare

2,000 yen notes were issued to coincide with the Summit held in Okinawa in 2000. However, these notes are rarely circulated mainly because they cannot be used in most machines. vending.

The Bank of Japan has issued only two batches of 2,000 yen notes: 700 million notes in 2000 and 100,001,000 notes in 2003. 2,000 yen notes are rarely issued today. seen usually only in Okinawa.

So where did the 2,000 yen bills go? Most of them are stored in the vaults of the Bank of Japan.

There are two types of 10,000 yen notes

10,000 notes yen has two different designs (Photo: Live Japan).

In fact, the 10,000 yen bill has two different designs together. The phoenix-shaped banknote issued in 2004 is the most popular; The other design is the less commonly seen pheasant released in 1984. The 10,000 yen note with the image of a pheasant was issued a long time ago, so it does not have a hologram. It is currently almost out of circulation, but it can still be used.