Main Points :
- The government will redesign the ¥10,000, ¥5,000 and ¥1,000 banknotes adding cutting-edge technology to prevent counterfeiting
- The new designs will be introduced in the first half of fiscal 2024
- Japan changes the designs of the three bills to prevent counterfeiting about every 20 years, according to Aso.
- Last time Japan introduced new banknotes was in 2004. That plan was announced in August 2002.
- The portraits on the new bills will also be 3D holograms — the first in the world to be adopted on banknotes, according to the Finance Ministry.
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