The Japanese Ministry of Finance has introduced that the brand new sequence of Bank of Japan notes, designed to strengthen anti-counterfeiting measures, will begin circulating within the first half of July 2024. The initiative follows the choice made by the Ministry in April 2019 to supply a brand new sequence of notes to boost the nation’s capacity to stop counterfeiting and fraud.
The Ministry will publicly disclose the exact date of issuance as soon as all vital preparations have been accomplished. It has been emphasised that the present sequence of banknotes will stay legitimate following the discharge of the brand new notes.
In a bid to thwart potential scams that might come up amidst this transition, the Ministry has urged the general public to stay vigilant of fraudulent practices claiming the invalidity of the present sequence of banknotes.
The Ministry’s discover underscores that the prevailing sequence of banknotes will proceed to be legitimate even after the launch of the brand new sequence. Therefore, holders of the present sequence of banknotes needn’t be involved about their validity submit the issuance of the brand new notes.
The transfer to roll out the brand new sequence of notes highlights the Ministry’s proactive strategy to fight counterfeiting and underscores the significance of sustaining a safe and dependable financial system for Japan’s financial system.
