What is a yen currency?

The yen is the third most traded currency in the foreign exchange market after the United States dollar and the euro. The yen, which means "round object" or "circle" in Japanese, comes in four denominations of bills while coins come in six denominations. Coins were first minted in 1870. They feature images such as flowers, trees, temples, and rice.

What is a Japanese yen?

Banknotes of the Japanese yen, known in Japan as Bank of Japan notes (Japanese: 日本銀行券, Hepburn: Nihon Ginkō-ken/Nippon Ginkō-ken), are the banknotes of Japan, denominated in Japanese yen (¥). These are all released by a centralized bank which was established in 1882, known as the Bank of Japan.

When did yen become a currency?

The issuance of yen banknotes began in 1872, two years after the currency was introduced. Denominations have ranged from 1 yen to 10,000 yen; since 1984, the lowest-valued banknote is the 1,000 yen note. Before and during World War II, various bodies issued banknotes in yen, such as the Ministry of Finance and the Imperial Japanese National Bank.