If someone said that the life cycle of each banknote is only 1-2 years, then it will be recovered and recycled into… toilet paper, would you believe it?
Each country will use different materials to make banknotes and coins (if any). On the façade are the typical symbols of each country, such as great people, animals, trees, landscapes or monumental buildings.
Therefore, when going abroad, many people often have the pleasure of learning about the currency of that country.
And here are some very interesting points about Japanese banknotes and coins that the people of Japan may not know all about.
There are 4 different denominations: 10,000 yen, 5,000 yen, 2,000 yen and 1,000 yen.
On the front of the bill, the bottom left and right corners are printed with embossed motifs. The bank uses ink to stamp on these places, helping the visually impaired to distinguish by touch.
The telltale sign of the 10,000 yen bill is a hook like an upside-down L. The 5,000 yen bill is octagonal (8 sides). The 1,000 yen bill has a dashed line.
From left are the symbols for the 10,000 yen, 5,000 yen and 1,000 yen bills.
The sign for the 2,000 yen bill is three vertical dots – the symbol for the number 2 in the Japanese Braille script.
In addition, in the lower left corner of the 10,000 yen and 5,000 yen bills, there will be a hologram (holographic technique), which will have a glossy feel to the touch.
Previously, the 10,000 yen and 5,000 yen bills had oval holograms. But since May 2014, the 5,000 note has been replaced with a square. As a result, the 10,000-yen bill can be distinguished from the 5,000-yen bill.
10,000 yen bill.
The 2,000 and 1,000 yen bills are both hologram-free. But since the 2,000-yen bill is rarely used, if the note doesn’t have a hologram, the visually impaired will immediately know it’s 1,000 yen.
It’s a bit confusing to read through, but the embossed textures and holograms will be very helpful to that blind person!
Next, you will know right away why the 2,000 bill rarely appears on the market!
This note is still valid.
This banknote was printed on the eve of the G8 Summit held in Okinawa Prefecture in 2000. However, it is not popular today because it cannot be used at vending machines.
The Bank of Japan printed 700 million banknotes of 2,000 yen in 2000, and printed more than 100 million in 2003, and then stopped.
Even so, this bill still has normal value. It’s just that you rarely see it used, if it does, it will appear in Okinawa Prefecture.
According to the Bank of Japan, the average lifespan of a 10,000 yen note is between four and five years.
As for the 5,000 yen and 1,000 yen bills, because they are used a lot, the life cycle is also shorter, only about 1-2 years.
The discarded banknote will be put into a recycling machine, turned into paper for household use, toilet …
Financial institutions will send money to the Bank of Japan. The central bank checks the authenticity and condition of the note, and then decides whether to put it back into circulation or discard it.
The discarded banknote will be put into a recycling machine, turning it into paper used in homes, offices, toilet paper…
Damaged or soiled money can be exchanged at the Bank of Japan located in Nihonbashi, Tokyo or its 32 other branches. In addition, it is also possible to change at some commercial financial institutions.
Each note will be evaluated as follows:
There are 6 different denominations of 500 yen, 100 yen, 50 yen, 10 yen, 5 yen and 1 yen.
1 yen is almost 205 VND.
If asked how much money is needed to produce the coins, it is difficult to answer exactly, because the price of the metal will change. Currently, the estimated cost of aluminum raw material to produce each 1 yen coin is between 2 and 3 yen.
However, the price to produce coins of other denominations seems to be cheaper (due to raw materials and other reasons).
Estimated, it costs 7 yen to make 5 yen coin. It costs 10 yen for a 10 yen coin. It costs 20 yen for a 50 yen coin. It costs 25 yen for a 100 yen coin. And it costs 30 yen for a 500 yen coin.
Coins used for a long time will become black and dirty. With 5 yen or 10 yen coins, you can soak them in vinegar to clean.
Since these two coins are made of copper, when they meet the acid in the vinegar, the stain will fly away. This measure is unlikely to be successful with other coins, because their materials are not the same.
That is, for each payment, you can only use up to 20 coins with a face value of 1 yen.
That is, for each payment, you can only use at most 20 coins with a face value of 1 yen, 20 coins with a face value of 5 yen… only.
Such a law allows stores to refuse to accept too many coins at once, which is inconvenient and time-consuming.
But with paper money is carefree, use as many bills at a time as you can.
From left: 500 yen, 100 yen, 50 yen, 10 yen, 5 yen and 1 yen coins.
The reason varies from case to case. With a 5 yen coin, the hole is to save production materials, not to spend a lot of metal.
The 5 yen coin was first circulated in 1949, shortly after the Second World War, so Japan had to “tighten its belts” , leaving the budget for reconstruction.
The 50 yen coin is different. Because it has the same color as the 100 yen coin, it is cut out for easy identification.
When traveling, we often only care about how to keep money or … spend money only, rarely paying attention to the details behind. But the more we learn, the more we discover the good things about the culture, history… of the country we are traveling to.
For example Japanese yen bills or coins – they have a lot of good points, don’t they?