The currency of Japan
The word “yen” means “circle” or “round object”. This currency was officially adopted by the Meiji government with the “New Currency Act” of 1871 in the hope of stabilising the monetary situation of the country at the time.
The yen replaced the monetary system of the Tokugawa era, a complex system based on the mon, a copper-based coin. After the devaluation of silver in 1873, the yen lost value compared to the US and Canadian dollars, which had adopted the gold standard. Subsequently, in the year 1897 the yen was scarcely worth 50 US cents. That year, Japan adopted the gold standard and that became the value of the yen. The sen and the rin, also in circulation until then, were removed in 1953.
Currently, there are 1, 5, 10, 50, 100 and 500 yen coins in circulation since 2009.
Concerning banknotes, the current series was issued in 2004 with 1,000, 2,000, 5,000 and 10,000 yen notes in circulation.
Date of creation:
Bank of Japan.
|Global Exchange||Your high-street bank|
|Variety of currencies||35. We are specialists||Only major currencies. Travel money is just a secondary business for banks.|
|Availability of currencies||Ever ready, immediately, in our branches at the airport.||Banks order currency and have to await delivery.|
|Expenses||Only the exchange rate, without any additional charges, and if you order it online you get the best price.||The bank has its own margin and adds a commission.|
|Different denominations available||Of course! We care about you and your needs while you travel abroad.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.|
|Delivery options||Collect at the airport/branch of your preference. It is all about comfort!||You must visit your bank at least twice, and wait meanwhile for your money to arrive.|
|What do I do with my leftover currency when I come home?||We buy it back from you at the airport, just as when you ordered online.||You must return to your bank. They may buy your currency back at a worse rate and then charge you a commission.|
|Anything else?||Yes: our Iberia Plus Customers who reserve online earn Avios for their purchases, as when they buy at the airport.||Avi-what? No sir! This is a bank, not an airline company!|