Q:

What is the Japanese currency called?

A:

Quick Answer

According to the Encyclopaedia Britannica, the Japanese currency is called the yen. The symbol of the yen is ¥. The yen is among the major international currencies, due to Japan's economic renaissance in the second half of the 20th century.

  Know More
What is the Japanese currency called?
Credit: AFP / Stringer AFP Getty Images

Full Answer

The Encyclopaedia Britannica states that the name for the yen comes from the name of an ancient Chinese coin known as the yuan. The yen had completely replaced the clan notes of Japanese feudal lords by 1879. It was first introduced in 1871 as part of a major monetary reform. The Bank of Japan is the sole issuer of yen banknotes and coins. Banknotes range in value from 1,000 to 10,000 yen, while coins are used for values between 1 and 500 yen.

Learn more about Currency & Conversions
Sources:

Related Questions

  • Q:

    What is VND currency?

    A:

    The Vietnamese Dong is the official currency of the country of Vietnam and it has the currency code VND in the international currency exchange market. It is one of the world currencies with the least value, exchanging at a rate of 21,465 Dong for 1 U.S. dollar in March 2015.

    Full Answer >
    Filed Under:
  • Q:

    What is the currency in Bangkok, Thailand?

    A:

    The sole currency of Thailand is the Thai baht, according to the Encyclopedia Britannica. 100 satangs make one baht. The Bank of Thailand issues all Thai currency.

    Full Answer >
    Filed Under:
  • Q:

    What is trading currency?

    A:

    Trading currency refers to the investment practice of taking a position in one monetary currency relative to another. Currency trading is often conducted through short-term transactions. Trading currencies is distinct from simple foreign-exchange transactions, in which the intent is to acquire another currency for spending purposes.

    Full Answer >
    Filed Under:
  • Q:

    What is the currency of Alaska?

    A:

    Alaska is part of the United States of America and therefore uses the U.S. dollar as currency. Some stores along the Alaska-Canadian border may also accept Canadian dollars. Traveler's checks should be purchased in U.S. dollars, as traveler's checks from other currencies are not accepted.

    Full Answer >
    Filed Under:

Explore