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JPY
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as of gold, or of silver, and divided decimally into 100 ''sen'' or 1,000 ''rin''. The yen replaced the previous Tokugawa coinage as well as the various ''hansatsu'' paper currencies issued by feudal ''han'' (fiefs). The Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II, the yen lost much of its prewar value. To stabilize the Japanese economy, the exchange rate of the yen was fixed at ¥360 per US$ as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works thro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Japan
The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo, Chūō, Tokyo. History Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''Scrip of Edo period Japan, hansatsu'', in an array of incompatible denominations, but the ''New Currency Act'' of Meiji 4 (1871) did away with these and established the yen as the new decimal currency, which had parity with the Mexican silver dollar. The former Han (Japan), han (fiefs) became Prefectures of Japan, prefectures and their mints became private chartered banks which, however, initially retained the right to print money. For a time both the central government and these so-called "national" banks issued money. A period of unanticipated consequences was ended when the Bank of Japan was founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of translated c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
100 Yen Coin
The is a denomination of Japanese yen. The current design was first minted in silver in 1959 and saw a change of metal in 1967. It is the second-highest denomination coin in Japan after the 500 yen coin. The current 100 yen coin is one of two denominations which depict the emperor's rule date in Arabic numerals rather than Kanji. History Silver yen 100 yen coinage was first authorized in 1951 with the specification that the coins be made of a silver alloy. The first coins were minted for circulation in 1957 which featured a phoenix on the reverse. The alloy decided upon consisted of 60% silver, 30% copper, and 10% zinc and came at a time when banknotes of the same denomination were already in circulation. The "100 yen" bill hence became a substitute to the coin as the two were allowed to co-circulate. The design of the coin was changed in 1959 which removed Latin script ("Yen"), and changed the reverse side to show a sheaf of rice. To commemorate the summer 1964 Olympics in To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1 Yen Coin
The is the smallest denomination of the Japanese yen currency. Historically they were initially made of both silver and gold in the early 1870s. Issues facing the Japanese government at the time included wanting to adopt the gold standard, and competing against the Mexican dollar for use in foreign trade. The decision was made to use silver one yen coins exclusively outside of Japan for trade, while gold coins were minted and used in mainland Japan. Gold and silver coins were eventually allowed to co-circulate in mainland Japan from 1878 to 1897 when they were demonetized. Millions of former one yen silver coins were countermarked by the Japanese government for use outside of the mainland. Silver one yen coins continued to be minted until 1914 for backing up currency. One yen coins were not made again until after World War II in the late 1940s for a brief period of time. The current one yen coin design was first minted in 1955, is made up of pure aluminium, and has a young tree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5 Yen Coin
The is a denomination of the Japanese yen. The current design was first minted in 1959 using Japanese characters known as the "Shinjitai, new script", and were also minted from 1948 to 1958 using Kyūjitai, "old-script" Japanese characters. Five-yen coins date to 1870 (when, due to the much higher value of the yen, they were minted in gold). The modern-day coin was first produced in 1948 with a differently styled inscription. This was changed in 1959 and the design has remained unchanged since. The obverse of the coin depicts a rice plant growing out of the water, with "five yen" written in kanji; the reverse is stamped with "Japan" and the year of issue, also in kanji, separated by sprouts of a tree. The three graphic elements of the coin represent agriculture and fisheries, the key elements of the Japanese first-sector economy. Around the central hole, there is a gear that represents industry. It is the only Japanese coin in circulation to lack Arabic numerals on either side. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
10 Yen Coin
The is one denomination of the Japanese yen. The obverse of the coin depicts the Phoenix Hall of Byōdō-in, a Buddhist temple in Uji, Kyoto prefecture, with the kanji for "Japan" and "Ten Yen". The reverse shows the numerals "10" and the date of issue in kanji surrounded by bay laurel leaves. History Gold ten yen (1871-1910) Ten yen coins were first issued in 1871 from a newly established mint at Osaka. The origin of mintage is not clear as there are conflicting reports stating that ten yen coins were either minted in San Francisco, or in Japan the prior year. In either case the unit of yen was officially adopted by the Meiji government in an act signed on June 27, 1871. Under the new law each ten yen coin was to weigh 257.2 grains, and contain 90% gold with a foreign exchange rate close to a United States Eagle ($10 USD coin). Gold bullion for coinage was delivered from private Japanese citizens, foreigners, and the Japanese government. No ten yen coins were minted between 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Currency
A reserve currency (or anchor currency) is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves. The reserve currency can be used in international transactions, international investments and all aspects of the global economy. It is often considered a hard currency or safe-haven currency. The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. However, by the middle of the 20th century, the United States dollar had become the world's dominant reserve currency. The world's need for dollars has allowed the United States government to borrow at lower costs, giving the United States an advantage in excess of US$100 billion per year. History Reserve currencies have come and gone with the evolution of the world’s geopolitical order. International currencies in the past have (excluding those discusse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tokugawa Coinage
Tokugawa coinage was a unitary and independent metallic monetary system established by ''shōgun'' Tokugawa Ieyasu in 1601 in Japan, and which lasted throughout the Tokugawa period until its end in 1867. History The establishment of Tokugawa coinage followed a period in which Japan was dependent on Chinese bronze coins for its currency.Metzler p. 15 Tokugawa coinage lasted for more than two centuries, and ended with the events of the Boshin war and the establishment of the Meiji restoration. However, there is an ongoing discussion of the entity of the precious metal coins. It was not a part of Tokugawa bakuhu which issued gold and silver coins, but private organizations owned by merchants. The first attempt at a new currency were made by Hideyoshi, who developed the large Ōban plate, also called the Tensho Ōban (天正大判), in 1588. From 1601, Tokugawa coinage was minted in gold, silver, and bronze denominations. The denominations were fixed, but the rates actually fluc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
