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JPY
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar 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 pre-war value as Japan faced a debt crisis and hyperinflation. Under the Bretton Woods system, the yen was pegged to the US dollar alongside other major currencies. After this system was abandoned in 1971 with the Nixon Shock, the short-lived Smithsonian Agreement temporarily reinstated a fixed e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, it is by far the largest market in the world, followed by the credit market. The main participants are the larger international banks. Financial centres function as anchors of trading between a range of multiple types of buyers and sellers around the clock, with the exception of weekends. As currencies are always traded in pairs, the market does not set a currency's absolute value, but rather determines its relative value by setting the market price of one currency if paid for with another. Example: 1 USD is worth 1.1 Euros or 1.2 Swiss Francs etc. The market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Japan
The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It is headquartered in Nihonbashi, Chūō, Tokyo, Chūō, Tokyo. The said bank is a corporate entity independent of the Government of Japan, Japanese government, and while it is not an Administrative organisation, administrative organisation of the state, its monetary policy falls within the scope of administration. From a Macroeconomics, macroeconomic perspective, long-term stability of prices is deemed crucial. However, the political sector tends to favour short-term measures. Thus, the bank's autonomy and independence are granted from the standpoint of ensuring long-term public welfare and political neutrality. History Background 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, ''Scrip of Edo period Japan, ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, inste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5 Yen Coin
The is a denomination of the Japanese yen. The current design was first minted in 1959, using Japanese characters known as the " new script" and kanji in the '' kaisho'' style, and were also minted from 1948 to 1958 using "old-script" Japanese characters in the gothic style. Five-yen coins date to 1870 (when, due to the much higher value of the yen, they were minted in gold). The modern-day coin was first produced in 1948 with a differently styled inscription. This was changed in 1959 and the design has remained unchanged since. The obverse of the coin depicts a rice plant growing out of the water, with "five yen" written in kanji; the reverse is stamped with "Japan" and the year of issue, also in kanji, separated by sprouts of a tree. The three graphic elements of the coin represent agriculture and fisheries, the key elements of the Japanese first-sector economy. Around the central hole, there is a gear that represents industry. It is the only Japanese coin in circulation to l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
100 Yen Coin
The is a denomination of Japanese yen. These coins were first minted in 1957 using a silver alloy, before the current design was adopted with an alloy change in 1967. It is the second-highest denomination coin in Japan, after the 500 yen coin. The current 100 yen coin is one of two denominations that depict the emperor's rule date in Arabic numerals rather than kanji. History Silver yen 100 yen coinage was first authorized in 1951 with the specification that the coins be made of a silver alloy. These were first minted for circulation in 1957 and feature a phoenix on the reverse. The alloy decided upon consisted of 60% silver, 30% copper, and 10% zinc and came at a time when banknotes of the same denomination were already in circulation. The "100 yen" bill hence became a substitute to the coin as the two were allowed to co-circulate. The design of the coin was later changed in 1959 which removed Latin script ("Yen") and changed the reverse side to show a sheaf of rice. To comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
10 Yen Coin
The is one denomination of the Japanese yen. The obverse of the coin depicts the Phoenix Hall of Byōdō-in, a Buddhism, Buddhist temple in Uji, Kyoto prefecture, with the kanji for "Japan" and "Ten Yen". The reverse shows the numerals "10" and the date of issue in kanji surrounded by bay laurel leaves. History Gold ten yen (1871-1910) Ten yen coins were first issued in 1871 from a newly established mint at Osaka. The origin of mintage is not clear as there are conflicting reports stating that ten yen coins were either minted in San Francisco, or in Japan the prior year. In either case the unit of yen was officially adopted by the Meiji period, Meiji government in an act signed on June 27, 1871. Under the new law each ten yen coin was to weigh 257.2 grains, and contain 90% gold with a foreign exchange rate close to a United States Eagle (United States coin), Eagle (US$10 coin). Gold bullion for coinage was delivered from private Japanese citizens, foreigners, and the Japanese go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1 Yen Coin
The is the smallest denomination of the Japanese yen currency. Historically they were initially made of both silver and gold in the early 1870s. Issues facing the Japanese government at the time included wanting to adopt the gold standard, and competing against the Mexican dollar for use in foreign trade. The decision was made to use silver one yen coins exclusively outside of Japan for trade, while gold coins were minted and used in mainland Japan. Gold and silver coins were eventually allowed to co-circulate in mainland Japan from 1878 to 1897 when they were demonetized. Millions of former one yen silver coins were countermarked by the Japanese government for use outside of the mainland. Silver one yen coins continued to be minted until 1914 for backing up currency. One yen coins were not made again until after World War II in the late 1940s for a brief period of time. The current one yen coin design was first minted in 1955, is made up of pure aluminum, and has a young tree d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bretton Woods System
The Bretton Woods system of monetary management established the rules for commercial relations among 44 countries, including the United States, Canada, Western European countries, and Australia, after the 1944 Bretton Woods Agreement until the Jamaica Accords in 1976. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold (or 0.88867 gram fine gold per dollar). It also envisioned greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to countries with balance of payments de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hansatsu
During the Edo period, feudal domains of Japan issued scrip called for use within the domain. This paper currency supplemented the coinage of the Tokugawa shogunate. Most scrip carried a face value in silver coinage, but gold and copper scrip also circulated. In addition, some scrip was marked for exchange in kind for a commodity such as rice. In addition to those issued by the domains, forms of paper money were also issued by rice brokers in Osaka and Edo. Originally used only as a representation of amounts of rice (subdivisions of ''koku'') owned by the scrip-holder and held in the Osaka or Edo merchants' storehouse, these scrips quickly came to be used as currency. Japan's first banknotes, called ''Yamada Hagaki'' (山田羽書), were issued around 1600 by Shinto priests also working as merchants in the Ise-Yamada (modern Mie Prefecture), in exchange for silver. Japan Currency Museum permanent exhibit. This was earlier than the first goldsmith banker notes issued in Englan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
