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The Yen (jap. EN, literally round article) is since 1871 the official currency of Japan. It is beside the US Dollar and the euro in many countries part of the own cash reserve to the
The currency symbol in latin writing is in the Japanese way of writing it with kanji is represented. The reads JPY (code number 392).
The Yen was introduced 1871 of the Meiji government as currency after European model. It replaced the complicated monetary system of the Edo time.
The new currency regulation of 1871 made the use of the decimal system the condition and partitioned the Yen (historical way of writing in 100 Sen and 1000 Rin The coins were coined/shaped after western model in round form. The value of a Yen was specified legally with the value of 26,956 gram (0.8667 fine ounces) silver, this definition is also today still valid. The regulation also prescribed that the Yen was covered by gold reserves.
After the Second World War the Yen was coupled firmly to the US Dollar, with a course of 360 Yen for a US Dollar. The Sen and Rin coins were taken 1954 from the circulation and are today only of computational importance.
Since the collapse of the Bretton Woods system 1973 the value of the Yen of the free currency market is determined.
The Yen was originally exactly the same written like its Chinese counterpart, the Yuan pinyin: The modern Japanese posting uses another indication than the simplified Chinese writing The representation in latin alphabet is however alike however with both currencies (the VR China tends to the way of writing with only one line).
The correct Japanese discussion of the currency symbol actually reads "EN ". The international way of writing and the discussion with "Y "at the word beginning are based on the historical kana posting yen instead of today EN). This latin Transkription holds itself until today.
The Yen is due to its transaction volume and its value development today one of the most important international currencies. Monetary political decisions of the bank OF Japan have thereby a great international importance. Common the Yen is in particular as reserve currency in Asia.
In the East Asian area large numbers are counted not only in 1.000er, but also in 10.000er-Schritten. In Japan there is its own symbol therefore for the number 10,000 one). Larger Yen amounts are indicated in 10.000er-Schritten, e.g. 50 (goju one EN) for 500.000 Yen.
But existed in a Japanese counterpart to the term "million ", the next own number word do not give it only again for "100 million oku).
At present notes with the evaluation stages are 1,000, 2,000, 5,000 and 10,000 Yen in circulation.
On 1 November 2004 the bank OF Japan began with the introduction of new, falsification safe notes and replaced the previous series, which had been in circulation brought on 1 November 1984.
The new notes have the following dimensions and to show on the front the following persons:
The note to 10,000 Yen remained unchanged as only in the dimensions and the represented person.
At present coins with the evaluation stages 1, 5, 10, 50, 100 and 500 are Yen in circulation.
The 5 - and exhibit a central hole.
The is in two variants in the circulation, from which only the new is falsification safe. Some automats accept only the newer expenditure. World-wide the has the highest nominal value of all rotating coins, it probably amounts to e.g. nearly the double of a
For specific occasions special coins in gold and silver with different values are coined/shaped. Although they are legal tenders, they are regarded as collecting objects and are not used in the everyday life.
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