ALBAWABA - Japan released a new currency after 20 years of using the same old currency which was first showcased in 2004.
The new currency is outstanding as it features the three-dimensional (3D) technique; featuring photos of founders of women's financial and educational institutions to prevent fraud.
What is unique about the new currency as per the announcement by Japan National Printing Bureau is the use of the 3D technique that changes based on viewer’s angles, which is known to be the first of its kind in the world!
Bank of Japan Governor Kazuo Ueda delivers a speech at the start of issuance of new yen banknotes at the Bank of Japan headquarters in Tokyo on July 3, 2024. (Photo by JAPAN POOL / JIJI PRESS / AFP)
Japan is happy to release the new currency and to highlight the names of those who represent Japanese capitalism, women's empowerment, and technological innovation on its new currency notes, as stated by Prime Minster Fumio Kishida.
It is worth mentioning that the Japanese economy is recently undergoing great developments and recoveries for the first time in 3 decades.
Japan's new 3D currency
The new 10K Yen note (which almost equals $62) will feature Shibusawa Eiichi; known as the "father of Japanese capitalism”. Eiichi was the founder of the first bank and stock exchange in Japan.
The new 5K Yen note (which almost equals $30.93) will feature Tsuda Umeko; a famous educator and the founder of Tsuda University.
The new 1K Yen note (which almost equals $6.19) will feature Kitasato Shibasaburō; a well-known Japanese physician.
Japanese authorities have planned to release 7.5 billion notes from the new currency by the end of 2024.
The old currency is still being used, but like many parts of the world, the government is working hard towards applying the concepts of digital currency and economy in the country.
