********************************************************************************************Currency: YenI
SO code: JPYS
ymbol: ¥
The yen is the currency unit of legal tender in Japan and after the euro and the US dollar, it is the most valued currency in the foreign exchange market.
The word "yen" means "circle" or "round object." This currency was officially adopted by the Meiji government through the "New Currency Law", passed in 1871 with the hope of bringing stability to the monetary situation of the country at that time.
The yen replaced the Tokugawa-era monetary system, a complex system based on the mon, a copper base currency. Following the devaluation of silver in 1873, the yen devalued against the US dollar and the Canadian dollar, which adhered to the monetary gold standard. So in 1897 the yen was only worth 50 US cents. That year, Japan adopted the monetary standard of gold and from there the value of the yen became that amount. Sen and rhine, also in circulation until then, were phased out in 1953.