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Officials to force use of unpopular ¥2,000 bill

Date Posted: 2005-04-07

The ¥2,000 Japanese currency note was created in 2000 to commemorate the G-8 Summit in Okinawa, but it has never found favor with the public.

Some hate the ¥2,000 bill, while the majority of people simply dislike it for a variety of reasons. Still, government officials say they have ¥880,000,000 worth of the bills, half of which are still in the bank, and want to put them into circulation.

The paper note carries an Okinawa design which Promotion Committee Chairman Hidetomo Kojou of the Yoirail Monorail Company says “is a symbol of peace and promotion of Okinawa. I hope everyone understands why we need to promote Okinawa. The Bank of Japan says there are so many ¥2,000 notes not not yet in circulation, “we don’t need to print this bill. Only this ¥2,000 bill. Every other money we must print every year.”

The Promotion Committee wants to see the ¥2,000 bill in daily circulation, and is encouraging business and government agencies to pay people with them. The new campaign urges everyone to make the new bill a part of daily life through September.

People don’t like the ¥2,000 bill because it is very similar in size and color to the ¥1,000 note, particularly when not paying close attention. ATM’s only dispense ¥1,000 and ¥10,000 notes, adding further to the low circulation rates.

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