The is a denomination of
Japanese yen
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 ...
, that was first issued on July 19, 2000 to commemorate the
26th G8 Summit and the millennium.
The banknote is notable for not being a commemorative banknote under Japanese law, and circulates as a regular issue.
It is also the only currency using a number 2 denomination.
History
The ¥2,000 note was first issued on July 19, 2000 under the "D Series". It was not reissued when notes were rereleased in later series.
The design is similar to that of the other Japanese notes in circulation at the time of issue. The obverse has a serial number and depicts
Shureimon, a 16th-century gate at
Shuri Castle
was a Ryukyuan ''gusuku'' castle in Shuri, Okinawa Prefecture, Japan. Between 1429 and 1879, it was the palace of the Ryukyu Kingdom, before becoming largely neglected. In 1945, during the Battle of Okinawa, it was almost completely destroyed ...
in
Naha, in
Okinawa Prefecture
is a prefecture of Japan. Okinawa Prefecture is the southernmost and westernmost prefecture of Japan, has a population of 1,457,162 (as of 2 February 2020) and a geographic area of 2,281 km2 (880 sq mi).
Naha is the capital and largest cit ...
, Japan.
Cherry blossom
A cherry blossom, also known as Japanese cherry or sakura, is a flower of many trees of Prunus, genus ''Prunus'' or Prunus subg. Cerasus, ''Prunus'' subg. ''Cerasus''. They are common species in East Asia, including China, Korea and especia ...
and
chrysanthemum
Chrysanthemums (), sometimes called mums or chrysanths, are flowering plants of the genus ''Chrysanthemum'' in the family Asteraceae. They are native to East Asia and northeastern Europe. Most species originate from East Asia and the cent ...
motifs are part of the linear design work in the background. The reverse side depicts a scene from ''
The Tale of Genji'', and a portrait of
Murasaki Shikibu
was a Japanese novelist, poet and lady-in-waiting at the Imperial court in the Heian period. She is best known as the author of '' The Tale of Genji,'' widely considered to be one of the world's first novels, written in Japanese between abo ...
, the noblewoman to whom this work of classic literature has been attributed. A copy of a portion of script from the original work is included.
Rarity
The rarity of ¥2,000 notes in circulation is linked to the few vending machines or ATMs that accept the denomination.
Overall public opinion has been negative as the denomination is inconvenient to use, and is a nuisance to cashiers and business owners that use
registers with no slot for the bills.
The
Bank of Japan
The is the central bank of Japan. Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo.
History
Like most modern Japanese institutions, the Bank of Japan was foun ...
has also weighed in by giving factors such as the debut of "Series E" 2004 dated notes which entered into circulation. A spokesperson for the bank later stated in 2006 that “I think people prefer to hold on to the newer bank notes” when referring to "Series E" in comparison.
The Bank of Japan stopped producing ¥2,000 notes in 2004 when there were 513 million of them in circulation.
This figure dropped to 111 million by 2010 when it was recorded that ¥2,000 notes made up just around 0.9% of all notes in circulation.
It was reported in 2019 that The Bank of Japan is not printing new notes as they continue to hold large amounts of them in reserve.
The note does enjoy some popularity in
Okinawa
is a Prefectures of Japan, prefecture of Japan. Okinawa Prefecture is the southernmost and westernmost prefecture of Japan, has a population of 1,457,162 (as of 2 February 2020) and a geographic area of 2,281 Square kilometre, km2 (880 sq mi).
...
due to the representation of Shureimon on the note's obverse; some
ATMs allow users to specifically withdraw ¥2,000 notes in addition to other denominations.
Collectors have since taken notice of their rarity in circulation as the notes trade above their
face value
The face value, sometimes called nominal value, is the value of a coin, bond, stamp or paper money as printed on the coin, stamp or bill itself by the issuing authority.
The face value of coins, stamps, or bill is usually its legal value. Howe ...
in online sales.
See also
*
Banknotes of the Japanese yen
*
United States two-dollar bill - another banknote denomination of roughly one-tenth the value that is similarly rarely seen in circulation and likewise available upon request from banks.
References
{{DEFAULTSORT:2000 Yen Note
Japanese yen banknotes
Two-thousand-base-unit banknotes
Murasaki Shikibu