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The Japanese yen (JPY) is the official currency of Japan, and it is abbreviated as ¥.
It has been the official currency of Japan since 1871.
The JPY is the third most traded currency in the foreign exchange market, after the United States dollar and the Euro.
The Bank of Japan is the central bank responsible for issuing the yen and regulating its supply in the market.
The yen is also used as a reserve currency, especially in Asia.
The JPY is used not only in Japan but also in some other countries in Asia, including Taiwan, Cambodia, and South Korea
The JPY is divided into 100 smaller units called sen, although these are not commonly used in daily transactions.
The Japanese Yen is available in denominations of
Banknotes: ¥1,000, ¥2,000, ¥5,000, and ¥10,000
Coins: ¥1, ¥5, ¥10, ¥50, ¥100, and ¥500.
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travelers going to all countries other than (a) (b) and (c) below are allowed to purchase foreign currency notes / coins only up to USD 3000 per visit. Balance amount can be carried in the form of store value cards.
Exceptions to this are:Travelling to Japan? Find answers to all your questions related to Japanese yen (JPY) .
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