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2 unusual facts about Scrip of Edo period Japan


Scrip of Edo period Japan

Japan's first banknotes, called Yamada Hagaki (山田羽書), were issued around 1600 by Shinto priests also working as merchants in the Ise-Yamada (modern Mie Prefecture), in exchange for silver.

Following the condemnation and death of the daimyo Asano Naganori, for example, Ōishi Yoshio, a house elder in the Akō Domain (and later the leader of the Forty-seven Ronin), ordered the redemption of scrip at 60% of face value.



see also