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Japan - 2000 Yen - P-103a - 2000 dated Foreign Paper Money

Inv# FM2155   Foreign Paper Money Cat# P-103a
Japan - 2000 Yen - P-103a - 2000 dated Foreign Paper Money
Country: Japan
Years: ND (2000)
Color: Multicolored

2000 Yen, P-103a, PMG 66 Graded. "Commemorative Issue". The yen 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 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) 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. To stabilize the Japanese economy, the exchange rate of the yen was fixed at ¥360 per US$ as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per US$ in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per US$ by 1980. Read more at

Condition: Gem Uncirculated
Item ordered may not be exact piece shown. All original and authentic.
Price: $134.00