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500 Yen Note
The was a denomination of Japanese yen issued from 1951 to 1994 in paper form. Crudely made notes were first made in an unsuccessful attempt to curb inflation at the time, and the series as a whole is broken down into three different types of note. Only the last two have a known design which feature Iwakura Tomomi on the obverse, and Mount Fuji on the reverse. Starting in 1982, new 500 yen coins began to be minted which eventually replaced their paper counterparts. While the production of 500 yen notes continued until 1984, all of the notes issued were officially withdrawn from circulation in 1994. Five hundred yen notes were allowed to retain their legal tender status, but they are now worth more on the collector's market than at face value. Series The first series of 500 yen notes (called "series B") were released on April 2, 1951 with improved security features such as Watermarks. This time these new notes appeared to have been more successful, as they were issued for almos ...
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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$) and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as of gold, or of silver, and divided decimally into 100 ''sen'' or 1,000 ''rin''. The yen replaced the previous Tokugawa coinage as well as the various ''hansatsu'' paper currencies issued by feudal ''han'' (fiefs). The Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II, the yen lost much of its prewar value. To stabilize the Japanese economy, the exchange rate of the yen was fixed at ¥360 per US$ 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 ...
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Watermark
A watermark is an identifying image or pattern in paper that appears as various shades of lightness/darkness when viewed by transmitted light (or when viewed by reflected light, atop a dark background), caused by thickness or density variations in the paper. Watermarks have been used on postage stamps, currency, and other government documents to discourage counterfeiting. There are two main ways of producing watermarks in paper; the ''dandy roll process'', and the more complex ''cylinder mould process''. Watermarks vary greatly in their visibility; while some are obvious on casual inspection, others require some study to pick out. Various aids have been developed, such as ''watermark fluid'' that wets the paper without damaging it. A watermark is very useful in the examination of paper because it can be used for dating documents and artworks, identifying sizes, mill trademarks and locations, and determining the quality of a sheet of paper. The word is also used for digital ...
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Iwakura Tomomi
was a Japanese statesman during the Bakumatsu and Meiji period. He was one of the leading figures of the Meiji Restoration, which saw Japan's transition from feudalism to modernity. Born to a noble family, he was adopted by the influential Iwakura family. By 1858 he was an advisor to Emperor Kōmei, but was exiled from the royal court from 1862 to 1867 for his moderation. After release, he became the liaison between the court and the anti-Tokugawa movement. He played a central role in the new Meiji government after 1868. He successfully opposed aggressive policies in Korea in the crisis of 1873, and was nearly assassinated by his enemies. He led the 50-member Iwakura Mission for 18 months in Europe and America, studying modern institutions, technology, and diplomacy. The Mission promoted many key reforms that quickly modernized Japan. He promoted a strong imperial system along Western lines, and played a central role in creating financial institutions for the nation. The 5 ...
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Mount Fuji
, or Fugaku, located on the island of Honshū, is the highest mountain in Japan, with a summit elevation of . It is the second-highest volcano located on an island in Asia (after Mount Kerinci on the island of Sumatra), and seventh-highest peak of an island on Earth. Mount Fuji is an active stratovolcano that last erupted from 1707 to 1708. The mountain is located about southwest of Tokyo and is visible from there on clear days. Mount Fuji's exceptionally symmetrical cone, which is covered in snow for about five months of the year, is commonly used as a cultural icon of Japan and it is frequently depicted in art and photography, as well as visited by sightseers and climbers. Mount Fuji is one of Japan's along with Mount Tate and Mount Haku. It is a Special Place of Scenic Beauty and one of Japan's Historic Sites.
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500 Yen Coin
The is the largest denomination of Japanese yen coin issued for circulation. These coins were first struck in 1982 as the vending machine industry needed a higher valued coin for use in their machines. The denomination had previously been issued as paper currency which co-circulated with the new coins until 1994. Originally the 500 yen coin was made up of cupronickel, but was later changed to nickel brass, and then to bi-metallic to deter counterfeiting. This illegal practice has been a constant issue since the coin was first released due to its high purchase value. With a history spanning 3 imperial eras, 500 yen coins are also collectibles. History Cupronickel yen The 500 yen coin was first minted in 1982 as another coin denomination was needed for use in vending machines. The obverse of the cupronickel based 500 yen coin features a paulownia crest, while the reverse is designed with bamboo and Tachibana. These elements were chosen as they are regarded as symbols of good ...
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National Printing Bureau
(NPB) is a Japanese governmental agency in charge of the production of Japanese paper money, Japanese yen. It also produces various other products, such as postage stamps and the official governmental gazette. History The Paper Money Office was created on July 27, 1871 under the administration of the Ministry of Finance, and was soon renamed in August the Paper Money Bureau. At the time, banknote printing was outsourced to the United States and Germany, as Japan did not have the required facilities for domestic production. The bureau managed the private national banks and managed the issue and exchange of banknotes. In January 1872, production of paper money was handed over to the Paper Money Bureau, and it acquired papermaking and printing duties. These included the production of banknotes, securities, postage stamps, and typographic printing. The first domestically produced Japanese money, a 1-yen banknote, was created on October 15, 1877. The Paper Money Bureau was merged ...
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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 founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''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 (fiefs) became 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 in Meiji 15 (10 October 1882), under the Bank of Japan Act 1882 (27 June 1882), after a B ...
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Ministry Of Finance (Japan)
The is one of the cabinet-level ministries of the Japanese government. The ministry was named the until 2001. The Ministry is headed by the , who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister. Overview The Ministry originated in the 6th century, when the was established as a state treasury in ancient Japan. When a modern system of government was introduced after the Meiji Restoration, the was established as a government body in charge of public finance and monetary affairs. It is said that new ministry employees are subtly reminded that the Ōkura-shō predates by some 1269 years when the new Constitution was imposed on the nation by the U.S. occupation forces in 1947. The Ministry has long been regarded as the most powerful ministry in the Japanese government. After various financial scandals revealed in the 1990s, however, the Ministry lost its power over banking supervision to a newly established Financial Services ...
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500 Euro Note
The five-hundred-euro note (€500) is the highest-value euro banknote and was produced between the introduction of the euro (in its cash form) in 2002 until 2019. Since 27 April 2019, the banknote has no longer been issued by central banks in the euro area, but continues to be legal tender and can be used as a means of payment. It is one of the highest-value circulating banknotes in the world, worth around 495 USD; 3,590 CNY; 73,260 JPY; 493 CHF or 430 GBP as of August 2022. The note is used in the 25 countries which have the euro as their sole currency, with a population of about 343 million. Initially, the high denomination notes were introduced very rapidly so that in the first 7 years (up to December 2008) there were 530million five-hundred-euro banknotes in circulation. Subsequently, the rate of increase was radically slowed. In July 2022, there were approximately 350 million banknotes in circulation (decreased from 614 million in 2015). It is the least widely circu ...
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Hong Kong Five Hundred-dollar Note
The Hong Kong five hundred dollar note was first issued in undated from the 1860s by the Oriental Bank Corporation, the Standard Chartered Bank (Hong Kong) but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877, the Mercantile Bank in 1948 and the Bank of China in 1994. The Specimens are known from the Agra and Masterman's Bank and the Asiatic Banking Corporation between 1862-66. The National Bank of China issued theirs in the 1890s. There was a continuous issue till the Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposi ... in different colours and dimensions, they were reissued from 1946. The Mercantile bank ceased issue of this denomination after 1959. There was a standardisation of size in 1979 when the Charte ...
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Indian 500-rupee Note
The Indian 500-rupee banknote (500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on November 8, 2016. History The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1987 and November 2016, were demonetised on 8 November 2016. On 8 November 2016, Indian prime minister Narend ...
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