Tokyo, July 3 (IANS) Japan on Wednesday started issuing new 10,000 yen (61.9 U.S. dollars), 5,000 yen and 1,000 yen banknotes, which marked the first redesign since 2004.
The current banknotes will remain legal tender following the circulation of new bills, according to the Finance Ministry and the Bank of Japan, Xinhua news agency reported.
The redesigned 10,000 yen bill features the portrait of industrialist Eiichi Shibusawa, known as the “father of Japanese capitalism” and “pioneer of modern Japanese society,” who was involved in the establishment of around 500 companies during his lifetime.
Featuring a female image for the first time, the portrait of Umeko Tsuda, an educator who pioneered women’s higher education, will be carried by the new 5,000 yen bill,
Meanwhile, the new 1,000 yen note features microbiologist Shibasaburo Kitasato, who developed a serum therapy for tetanus.
The new banknotes incorporate three-dimensional hologram technology to combat counterfeiting, the first use on any country’s currency.
Paper money, despite the spread of cashless payments, still serves as the main payment method in Japan, Japanese Finance Minister Shunichi Suzuki told a press conference on Tuesday.
Universal design that takes the visually impaired and foreigners into consideration has been incorporated into the new banknotes, he added.
On the new bills, the tactile mark is shaped to 11 diagonal lines for excellent finger sensitivity, while being placed in a different position to make it easier to identify denominations.
Arabic numerals are used for face value numbers and have a larger font than that of current notes(1 Japanese yen equals 0.0062 U.S. dollars).
–IANS
int/rs/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
