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    Okinawa Still Likes The Unpopular 2000

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    Avik Sengupta
    The 2000 yen note is unpopular in circulation across Japan but remains favored in Okinawa. While the note depicts an important Okinawan landmark and symbolizes peace, it is rarely accepted outside of Okinawa due to its similarity to the 5000 yen note and inability to be withdrawn from most ATMs, making it an inconvenience. However, Okinawans are campaigning to promote use of the 2000 yen note within the prefecture due to its symbolic importance.

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    Okinawa Still Likes The Unpopular 2000

    Uploaded by

    Avik Sengupta
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    The 2000 yen note is unpopular in circulation across Japan but remains favored in Okinawa. While the note depicts an important Okinawan landmark and symbolizes peace, it is rarely accepted outside of Okinawa due to its similarity to the 5000 yen note and inability to be withdrawn from most ATMs, making it an inconvenience. However, Okinawans are campaigning to promote use of the 2000 yen note within the prefecture due to its symbolic importance.

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    Okinawa Still Likes the Unpopular 2000

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    The 2000 yen note is unpopular in circulation across Japan but remains favored in Okinawa. While the note depicts an important Okinawan landmark and symbolizes peace, it is rarely accepted outside of Okinawa due to its similarity to the 5000 yen note and inability to be withdrawn from most ATMs, making it an inconvenience. However, Okinawans are campaigning to promote use of the 2000 yen note within the prefecture due to its symbolic importance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    29 views1 page

    Okinawa Still Likes The Unpopular 2000

    Uploaded by

    Avik Sengupta
    The 2000 yen note is unpopular in circulation across Japan but remains favored in Okinawa. While the note depicts an important Okinawan landmark and symbolizes peace, it is rarely accepted outside of Okinawa due to its similarity to the 5000 yen note and inability to be withdrawn from most ATMs, making it an inconvenience. However, Okinawans are campaigning to promote use of the 2000 yen note within the prefecture due to its symbolic importance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Okinawa still likes the unpopular 2000-yen note

    The 2000-yen currency note of Japan is barely in circulation making it very unpopular. Therefore when people see it
    they believe the note lacks authenticity. The Okinawans however don’t want to reject their favourite 2000-yen note,
    even though for all practical purposes the note is no longer in circulation.

    The ¥2000 note was issued by The Bank of Japan on 19 July, 2000 to honor the Group of Eight summit in Okinawa.
    This note however did not become really very popular with the general public and to date is still unpopular. There are
    approximately 110 million ¥2,000 notes in circulation which is approximately 1% of all the currency of Japan.

    Okinawans have their own reason to love the bill; the symbol Shureimon of Okinawa is printed on one side of the bill.
    The Shureimon Gate is the main gate to Shuri Castle in Naha which was built in the 16th century. Shureimon Gate
    symbolizes peace and the Okinawans therefore believe that the spirit of peace could best be promoted from Okinawa
    with this rare ¥2,000 note. Local businesses in Okinawa have started campaigning to promote and use the currency
    by having local banks convert ATM machines so that they are acceptable and shopping malls also changing ¥2,000
    notes.

    In fiscal year 2003 The Bank of Japan discontinued issuing the ¥2000 bill, and has tons of the bills stored in its safe.
    In 2004 there was maximum circulation of this bill but has since declined. There are multifarious reasons for the
    note’s unpopularity. Firstly, the bill looks like the ¥5000 note. Secondly, this rare note cannot be withdrawn from all
    ATMs which is an inconvenience for citizens.

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