Gold Price Exchange

Japanese: 金相場会所 - きんそうばかいしょ

During the Edo period, this was an exchange and control center for gold, silver, and coins in Osaka. It was established during the Kanbun era (1661-1673). At the time, prices in Edo were denominated in gold and in Osaka in silver, so the exchange of the three currencies was necessary, and the exchange rate here became the standard. Gold and silver trading was officially recognized in 1725 (Kyoho 10). In 1868 (Meiji 1), trading in silver was prohibited and the exchange was closed.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

江戸時代，大坂にあった金，銀，銭3貨の取引所兼統制機関。寛文年間 (1661～73) に設立。当時の物価は江戸が金建て，大坂が銀建てであったため，3貨の交換が必要となり，ここでの交換比率が基準となった。金銀売買の公認は享保 10 (1725) 年。明治1 (1868) 年，銀建て取引禁止で閉鎖。

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