壱 means “one (formal)”

いち · ichi

Also: one (in documents)

Kun'yomi (Japanese reading)
ひとつ
On'yomi (Chinese reading)
イチ, イツ

JLPT N1 · Taught in secondary school · 7 strokes

The story

A scholar (士) over a cover (冖) and a spoon (匕): the formal one of contracts and money, used because a plain 一 is easily turned into 二 or 十. Look closely at a ten-thousand-yen note: it reads 壱万円.

Used in 壱 (ichi, one, in formal documents), 壱万円 (ichiman'en, ten thousand yen), and 壱岐 (iki, Iki Island)

More from Old Measures

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Readings from KANJIDIC2, © EDRDG, CC BY-SA.