Japan issues new banknotes designed against counterfeitingTOKYOJapan issued its first new banknotes in two decades on Wednesday, yen packed with 3-D hologram technology to fight counterfeiting. Prime Minister Fumio Kishida praised as “historic” the state-of-the-art anti-counterfeit traits of the new 10,000 yen, 5,000 yen and 1,000 yen bills. “I hope the people will like the new bills, and they will help energize the Japanese economy,” he told reporters at the Bank of Japan. The amount of money in the new bills going out in a single day is estimated at 1.6 trillion yen ($10 billion). A majority of transactions in Japan still are done in cash and cashless payments have been slower to catch on than in many other countries.

Source: Ethiopian News July 03, 2024 13:39 UTC