Today Japan is one of the most developed states of the modern world. A worthy position of the country of the rising sun on the world The trading arena is occupied not without the participation of a powerful financial industry, one of the main elements of which is the Japanese currency system. For many years now it has been stimulating the economy of the state, helping the domestic industry to develop new markets. The currency of Japan is thus a freely convertible monetary unit and the most important means of exchanging the values of the international economic system. Of course, after the US dollar and the euro.
Yen history
Currency of Japan Wears a proud eastern name - yen. It denotes the roundness of the monetary unit. What is connected with the reforms of 1871, carried out by the government of the state, which resulted in the coinage of round coins. Before this period, the monetary units of the country had that oval or rectangular form and were issued by various feudal centers. The fate that the currency of Japan underwent For a relatively short period of its existence, Was quite complex and had a significant number of failures related to foreign policy factors. However, the hard-working population of the country of the rising sun each time deduced the national monetary unit on the leading trading positions of the international economic system. In the period from 1958 to 1972 the currency of Japan It did not function as a system for the exchange of values, both within the state and Its limits. Her place for 14 consecutive years was occupied by the American dollar. During this time, the country's leadership has formed a clear financial strategy and carefully prepared a springboard for the introduction into the world economy of a national system for the exchange of values, which soon became the third largest reserve currency in the modern world. The yen is denoted by the symbol подобно like the Chinese yuan. Also, the national Japanese currency unit has a code of the international standardization organization ISO 4217 and a bank code JPY.
The currency of Japan - the rate and denomination
To date, the country of the rising sun uses the national currency of a banknote denomination in denominations of 1,000, 2,000, 5,000, 10,000 yen, and also monetary - in denominations of 1, 5, 10, 50, 100 and 500 yen. Although the Japanese currency and Is a fairly significant subject of the international Forex market, however, the purchasing power of one unit is very low. This is due to the fact that one of the main elements of the complex of measures to protect domestic production is the currency of Japan. Rate to ruble Of this monetary unit in connection with the current strategy of developing the business of the country of the rising sun is also low and is 33 kopecks per one yen. This specificity gives Japanese producers profitable price advantages in the market of goods and services. Japan's financial institutions to maintain an artificially low yen rate are constantly leading an attractive enough for the domestic economy and quite aggressive for competitors of Japanese products intervention currency policy.