Yen


 
 
Yen

Yen is the currency used in Japan. It is also widely used as a reserve currency after the United States Dollar and Euro. In Japanese it is usually pronounced "en", but the pronunciation "yen" is standard in English. The ISO 4217 codes for the yen are JPY and 392. The Latinised symbol is ?, while in Japanese it is written with the kanji 円.

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The yen was introduced by the Meiji government in 1872 as a system resembling those in Europe; yen replaced the overly complex monetary system of the Edo period. The New Currency Act of 1871 stipulated the adoption of the decimal accounting system of yen (1, 圓), sen (1/100, 錢), and rin (1/1000, 厘), with the coins being round and cast as in the West. (The sen and the rin were eventually taken out of circulation in 1954.) While not a unit of official currency, for large quantities of yen the abbreviaton man (which means "ten thousand") is used, in the same way as values in the United States are often quoted or rounded off to thousands (given the yen's smaller value, it is much more common). The yen was legally defined as 0.8667 troy ounces (26.956 g) of silver. The Act also moved Japan onto the Gold Standard.


 

Currency: :For current exchange rates, see Exchange links....

Japan: For other uses, see Japan (disambiguation)....

Reserve currency: A reserve currency, also called an anchor currency, is a currency which is held in significant quantities by other governments and institutions as part of their foreign exchange reserves. It also tends to be the international pricing currency for products traded on a global market, such as oil, gold...


Yen related Images and Photos (experimental)

Vocaloid Virtual-On Fei Yen Miku Hatsune Action Figure
Vocaloid Virtual-On Fei Yen Miku Hatsune Action Figure

~ Table of Content ~

Introduction
History
Denominations
Exchange rates over time
See also
External links
 
FR: Yen


 

~ Related Subjects ~

Currency (2) - United States (1) - Troy ounces (1) - 1954 (1) - Edo period (1) - 1871 (1) - Gold Standard (1) - Oil (1) - Gold (1) - Foreign exchange reserves (1) - Exchange rates (1) - Exchange links (1) - Euro (1) - Japanese (1) - United States Dollar (1) -
 

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