Saturday, 14 December 2024
Trending
AsiaFinance

Japan Unveils New Yen Banknotes with 3D Hologram Technology to Combat Counterfeiting

  • Japan introduces new yen banknotes with advanced 3D hologram technology.
  • The redesign features notable Japanese figures and cultural symbols.
  • Despite the new notes, old currency remains valid for transactions.

Japan has launched new yen banknotes incorporating 3D hologram technology to enhance security against counterfeiting. Prime Minister Fumio Kishida praised the innovation, hoping it will energize the economy. The redesigned notes feature Eiichi Shibusawa, Umeko Tsuda, and Shibasaburo Kitasato, highlighting Japan‘s rich history in capitalism, women’s equality, and scientific progress.

These new notes will be gradually distributed, starting with banks and financial institutions before reaching ATMs and stores. The government plans to print nearly 7.5 billion new banknotes by the end of March next year.

Japan’s New Banknotes: A Blend of Advanced Security and Cultural Heritage

Japan has rolled out its first new banknotes in two decades, featuring state-of-the-art 3D hologram technology to prevent counterfeiting. Prime Minister Fumio Kishida called this development “historic,” emphasizing the potential economic boost it might provide. The new notes celebrate key historical figures: Eiichi Shibusawa on the 10,000 yen note, Umeko Tsuda on the 5,000 yen note, and Shibasaburo Kitasato on the 1,000 yen note.

In addition to advanced security features, the notes are designed with larger print for better readability, catering to Japan’s aging population. The backs of the bills display iconic cultural imagery, including Tokyo Station, wisteria flowers, and Mount Fuji as depicted by ukiyo-e artist Katsushika Hokusai. This blend of modern technology and cultural heritage makes the new currency both secure and aesthetically significant.

Distribution of the new banknotes will be phased, starting with financial institutions before reaching the public through ATMs and retail outlets. By the end of March 2025, the government aims to have nearly 7.5 billion new notes in circulation. Although Japan is known for its technological advancements, cash remains a predominant method of payment, reflecting the society’s trust and reliance on physical currency.

While the new banknotes promise enhanced security and modern design, the old currency will still be accepted for transactions. This includes uses in vending machines and bus fares, ensuring a smooth transition period. The Bank of Japan has emphasized the importance of cash, despite the global shift towards digital payments, underscoring its role in secure and convenient transactions.

Japan’s introduction of new yen banknotes with 3D hologram technology showcases a significant step in enhancing currency security while celebrating the nation’s cultural and historical heritage. The continued use of old currency ensures a seamless transition, reflecting Japan’s unique balance between tradition and innovation.

“Although the world is moving toward cashless interactions, we believe cash remains important as a way for safely settling payments anywhere and anytime,” said Bank of Japan Gov. Kazuo Ueda.

Related posts
AsiaPolitics

Anura Kumara Dissanayake Sworn in as Sri Lanka’s President Amid Economic Crisis

Anura Kumara Dissanayake, leader of the National People’s Power (NPP), was sworn in as Sri…
Read more
AsiaTravel

India-Pakistan Extend Kartarpur Sahib Corridor Agreement by 5 Years

India and Pakistan have extended the Kartarpur Corridor agreement for five more years. India…
Read more
AsiaFishing

Bangladesh Navy Detains 31 Indian Fishermen for Illegally Entering Waters

Bangladesh Navy captured 31 Indian fishermen and two trawlers for entering Bangladeshi waters during…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest NewsWorld

EU and Ukraine Sign Landmark Security Agreement

Worth reading...