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The ¥2,000 note (二千円紙幣, nisen-en shihei) is a denomination of Japanese yen, that was first issued on July 19, 2000, to commemorate the 26th G8 Summit and the millennium.[1] The banknote is notable for not being a commemorative banknote under Japanese law, and circulates as a regular issue.[1][2] It is also currently the only unit of Japanese currency that uses a denomination with a multiple of 2.
History
This section needs expansion. You can help by adding to it. (February 2020)
The ¥2,000 note was first issued on July 19, 2000 under the "D Series". It was not reissued when notes were rereleased in later series.
The design is similar to that of the other Japanese notes in circulation at the time of issue. The obverse has a serial number and depicts Shureimon, a 16th-century gate at Shuri Castle in Naha, in Okinawa Prefecture, Japan. Cherry blossom and chrysanthemum motifs are part of the linear design work in the background. The reverse side depicts a scene from The Tale of Genji, and a portrait of Murasaki Shikibu, the noblewoman to whom this work of classic literature has been attributed. A copy of a portion of script from the original work is included.
Rarity
The rarity of ¥2,000 notes in circulation is linked to the few vending machines or ATMs that accept the denomination.[3] Overall public opinion has been negative, as the denomination is inconvenient to use, and is a nuisance to cashiers and business owners that use registers with no slot for the bills.[4] The Bank of Japan has also weighed in by giving factors such as the debut of "Series E" 2004 dated notes which entered into circulation. A spokesperson for the bank later stated in 2006 that "I think people prefer to hold on to the newer bank notes" when referring to "Series E" in comparison.[3] The Bank of Japan stopped producing ¥2,000 notes in 2004 when there were 513 million of them in circulation.[5] This figure dropped to 111million by 2010 when it was recorded that ¥2,000 notes made up just around 0.9% of all notes in circulation.[5]
It was reported in 2019 that the Bank of Japan is not printing new ¥2,000 notes, as large amounts of them are currently held in the bank's reserve.[6] The note has some popularity in Okinawa due to the representation of Shureimon on the note's obverse;[better source needed] some ATMs allow users to specifically withdraw ¥2,000 notes in addition to other denominations.[6] The notes often trade above their face value on online sales.[7]
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