Home Markets Japan Unveils High-Tech Banknotes with Holographic Portraits to Boost Security

Japan Unveils High-Tech Banknotes with Holographic Portraits to Boost Security

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Japanese Prime Minister Fumio Kishida and Bank of Japan Governor Kazuo Ueda hold the country’s new banknotes in a frame, during a ceremony to mark the release of the banknotes, at the BOJ headquarters in Tokyo, Japan, Jul 3, 2024.
Japanese Prime Minister Fumio Kishida and Bank of Japan Governor Kazuo Ueda hold the country’s new banknotes in a frame, during a ceremony to mark the release of the banknotes, at the BOJ headquarters in Tokyo, Japan, Jul 3, 2024. Photo by AP/Kyodo News/Japan Pool

Japan has introduced new banknotes with sophisticated holographic pictures as part of a major effort to modernize and improve the security of its currency. This creative move is a component of the nation’s more significant endeavor to fight counterfeiting and guarantee the dependability of its currency transactions in an increasingly digital environment.

The Bank of Japan formally unveiled the 1,000, 5,000, and 10,000 yen denominations of the new banknote series. Holographic technology, which changes the appearance of each note based on the viewer’s viewpoint, makes counterfeiting practically impossible.

“The introduction of these holographic portraits is a critical step in our ongoing efforts to maintain the integrity of our currency. We believe this high-tech feature will significantly deter counterfeiting and provide the public with greater confidence in the cash they use daily.” said Bank of Japan Governor Haruhiko Kuroda. This cutting-edge feature would greatly reduce counterfeiting and give people more trust in the money they use on a daily basis.

In addition to being safer, the new banknotes have an innovative design that combines aspects of traditional Japanese culture. For instance, the 10,000 yen note currently features a picture of the well-known industrialist Eiichi Shibusawa, who is referred to as the “father of Japanese capitalism.” The 1,000 yen note honors Kitasato Shibasaburo, a bacteriologist who made significant contributions to medical science, while the 5,000 yen note honors Tsuda Umeko, a trailblazing educator who promoted women’s education.

Apart from the holographic images, the new banknotes have additional sophisticated security measures. These include sophisticated color-shifting inks that change color when the note is tilted, watermarks, and microprinting. Working together, these actions hope to provide multi-tiered protection against counterfeiters.

The Bank of Japan has clarified that you can still use your current and new banknotes. However, they advise the public to become acquainted with the latest styles and security measures. “It is crucial for everyone to understand the unique characteristics of these new banknotes to help in the fight against counterfeiting,”  said Kuroda.

Many nations are struggling with the rise of digital currencies and the decline in the use of real cash, so new high-tech banknotes are being introduced. But Japan is still a cash-centric country, with banknotes still being used for a large number of transactions. This most recent action demonstrates the country’s dedication to keeping its currency safe and useful in the contemporary economy.

The Bank of Japan hopes these improvements will preserve the nation’s high standards of financial stability and increase public confidence in their currency once the new banknotes go into circulation.

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