Buy, Sell or Transfer Japanese Yen (JPY) in India at the best exchange rates
After the USD and Euro, the Japanese Yen is the 3rd most traded currency in the foreign exchange market. It is the official currency of Japan and is used as a reserve currency ranked at number four. The Yen was officially adopted by the Meiji government with the “New Currency Act” of 1871. The subdivision of this Japan currency is in to 100 sen or 1000 rin. The issuance and circulation rights of the Yen lie under the authority of the Bank of Japan. The Japanese Yen might be the only currency that can float and it costs more to make one yen coin than it is actually worth. The weight of a Yen coin is equivalent to a gram.
The subdivision of the Japanese currency is in to 100 sen or 1000 rin. However, the smallest denominations that are under circulation are the 1 yen coins. The currency issuance and circulation rights lie under the authority of the Bank of Japan. Under circulation, currently the bank notes are denominated in yen 1000, 2000, 5000 and 10,000.
Similarly, for the coins the denominations in circulation are yen 1, 5, 10, 50, 100, 500. Coins in Japan were introduced in the year 1870, and the banks notes were introduced 2 years later in 1872.
How to find best exchange rate online?
To find the latest 1 INR toJPY rates/ Japanese Yen rate, visit our Thomas Cook website. Thomas Cook is the most reliable and recommended money converter in India. It also provides travellers with the most value for money, customized tour package.