When the Bank of Japan was established in 1882, National Banks were privatized to be ordinary banks and only the Bank of Japan has issued the banknotes since then (banknotes issued by the former National Banks were in circulation for a while).
1882年（明治15年）に日本銀行が開設されると、国立銀行は民営化し普通銀行になり、紙幣発行も日本銀行のみが行うようになった（旧国立銀行の紙幣は暫くの間は流通していた）。