High-Tech Currency: Japan Introduces New Banknotes Featuring 3D Holograms

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Posted by pallavi on 2024-07-03 05:39:15 |

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Japan has introduced its first new banknotes in 20 years, featuring three-dimensional portraits to deter counterfeiters. The innovative notes use printed patterns to create holograms that show portraits facing different directions depending on the viewing angle. This technology, claimed by Japan's National Printing Bureau to be the world's first for paper money, enhances security and modernizes the currency.

The new 10,000-yen ($62) note features Eiichi Shibusawa, known as "the father of Japanese capitalism." The 5,000-yen bill portrays educator Umeko Tsuda, a pioneer in women's education, while the 1,000-yen note honors medical scientist Shibasaburo Kitasato. These figures symbolize significant contributions to Japan's financial, educational, and scientific advancements.

Existing banknotes will remain in circulation, but businesses are updating payment machines to accommodate the new designs. The government is also encouraging a shift towards digital payments as part of its broader economic digitization efforts. Despite this push, cash remains a vital and secure payment method, emphasized by Bank of Japan Governor Kazuo Ueda during a ceremony marking the new notes' release.

Currency authorities plan to print about 7.5 billion new banknotes by the end of the fiscal year, adding to the 18.5 billion banknotes already in circulation as of December 2023. These efforts reflect Japan's balance between maintaining traditional cash usage and embracing technological advancements in currency security.

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