Japan Issues New 3D Holographic Anti-Counterfeiting Banknotes
TapTechNews July 4th news, after a hiatus of twenty years, Japan issued new yen banknotes featuring 3D holographic anti-counterfeiting technology this Wednesday to enhance the crackdown on counterfeit currency.
Japanese Prime Minister Fumio Kishida praised the advanced anti-counterfeiting technology used in these new 10,000 yen, 5,000 yen and 1,000 yen banknotes, calling it of historical significance.
These banknotes are decorated with three-dimensional holograms depicting historical figures and have advanced anti-counterfeiting functions. The new banknotes use modern holographic technology. For example, there are 3D stripes printed on the 10,000 yen and 5,000 yen banknotes, and the image will move when the banknote is tilted. There is also a holographic patch in the lower left corner of the 1000 yen banknote to make it more difficult to counterfeit.
I hope people will like these new banknotes, and they will also help boost the Japanese economy, Fumio Kishida told reporters at the Bank of Japan.
Despite the popularity of the new banknotes, the currently circulating old banknotes are still valid. According to local media reports, people still need to use old banknotes to use most vending machines and pay for bus tickets.
Fumio Kishida pointed out that the figures on the new banknotes celebrate the spirit of Japanese capitalism, female equality, and scientific innovation. Considering the needs of Japan's aging population, the font of the new banknotes is also larger for easier identification.
According to the Japanese government, by the end of March next year, nearly 7.5 billion new banknotes will be printed and issued, and the amount of new banknotes issued per day is estimated to be 1.6 trillion yen (TapTechNews note: currently about 72.146 billion RMB). The first batch of new banknotes will flow to banks and other financial institutions, and then gradually enter the circulation in ATMs and stores.
Compared with many other countries, cash transactions still dominate in Japan, and the popularity rate of cashless payment is relatively slow.
Although the world is moving towards the direction of cashless transactions, we still believe that cash is of great importance as a safe settlement and payment method anytime and anywhere, said Bank of Japan Governor Haruhiko Kuroda.