I'm curious about the origin of yen. Where did it come from and how did it become Japan's official currency? I want to understand the historical background behind the yen.
7 answers
GangnamGlitzGlamour
Mon Nov 11 2024
As part of this reform, the Japanese yen was officially introduced.
ShintoSpirit
Mon Nov 11 2024
In the 19th century, Japan utilized Spanish dollars alongside its local currencies.
CoinMasterMind
Mon Nov 11 2024
The yen replaced the mon currency system that had been in place during the Tokugawa era.
Nicola
Mon Nov 11 2024
This coexistence of currencies led to a complex monetary system.
alexander_jackson_athlete
Mon Nov 11 2024
To address this issue, the Meiji government implemented the New Currency Act in 1871.