TOKYO, Dec. 12 (Xinhua) — Japan will begin issuing new 10,000 yen (69 U.S. {dollars}), 5,000 yen and 1,000 yen banknotes on July 3, 2024, marking the primary redesign since 2004, the federal government stated Tuesday.
The redesigned 10,000 yen invoice will characteristic industrialist Eiichi Shibusawa, referred to as “the father of Japanese capitalism,” in accordance with the Finance Ministry and the Bank of Japan.
The new 5,000 yen invoice will carry a picture of Umeko Tsuda, an educator who pioneered ladies’s greater schooling, whereas the 1,000 yen observe will characteristic microbiologist Shibasaburo Kitasato, who developed a serum remedy for tetanus.
The authorities stated even after the brand new payments start circulating, the present banknotes will stay authorized tender.
The new banknotes will incorporate three-dimensional hologram expertise to fight counterfeiting, the primary use on any nation’s forex.