[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/jp/ - Otaku Culture

View post   
  [?]In ghost mode, only threads with non-archived posts will be shown
File: 279 KB, 1728x1152, Japanese-currency.jpg [View same] [iqdb] [saucenao] [google]
12372241 No.12372241 [Reply] [Original]

Something I've always wondered about the Yen. Why does £1 = ¥170, $1 = ¥102, etc? Why is the Yen number so high? Was there a point where Japanese citizens had ¥1 coins or notes before the number shot up?

In this pic for example, there are ¥1000 and ¥5000 notes. Meanwhile, here in the UK, the highest number paper note in circulation is the £50 note. What made the Yen shoot up?

>> No.12372245

lrn2 economics
watch spicy wolf

>> No.12372252

not relevant to this board

>> No.12372255

>>12372252
>currency otaku
yes it is

>> No.12372257

>>12372252
read
>I cant answer

>> No.12372264

Why are there holes in the middle?
Do they hang them on some kind of nail at home?

>> No.12372271

>>12372264
it's for tactile function
you just need to be able to feel the coin to be able to tell how much it represents
wow! japan care about handicapped!?

>> No.12372289

oh my god you idiot
theres dollars and cents theres pounds and pence
in japan theres only yen
imagine 5,000 yen being 5,000p
its not like the economy is that different or anything
the only problem is you are only comparing yen to pounds and dollars rather than pence and cents

>> No.12372294
File: 319 KB, 819x614, 29ad847c9c4c0249ea42751d4779baff.jpg [View same] [iqdb] [saucenao] [google]
12372294

Exchange rates fluctuate under our current system of money-changing. Sometimes they're inflated on purpose, sometimes by economic bad news or sanctions or whatever. Remember "lira" in italy? There's another 1000=$1buck thing, at least until they retired it in favor of the Euro.

But >>12372252 is kinda right, this maybe is an /int/ question.

>> No.12372297

>>12372294
well it definitely is not just maybe
its not like the person who said currency otaku was serious

>> No.12372308

I always thought that only americans were this clueless about currency matters

>> No.12372309

>>12372297
you're denying the existance of nip currency otaku and this being a subject of their interest?

>> No.12372310

>>12372241
they don't have cents, you mong

so ¥1=1¢ about

>> No.12372324

>>12372264
Since citizens are not allowed to own firearms in Japan, the government instead put holes in the coins, so peasants can make their own nunchaKKKu for under 100 yen.

>> No.12372381

>>>/biz/

>> No.12372972

>>12372264
-Harder to counterfeit
-Easier to tell them apart
-Saves money on coin production costs

>> No.12373099

>>12372289
>>12372310
They had the Sen (¥1/100) and Rin (¥1/1000) which were abolished in 1953.

>also inflation

>> No.12373136

when did they switch from the gold coins you see in samurai movies? did jews force them off gold too?

>> No.12373148

>>12373136
The politically correct term would be keynesians.

>> No.12373157

The world doesn't run in dollars and euros anymore. Better stock up on Yuan while you can.

>> No.12373240

So what exactly causes high currency devaluation in a stable economy? Is it related to economic growth? Participation in trade?

>> No.12373248

>>12373240

No, just greed.

>> No.12375040

>>12373240
high currency devaluation is connected to debt and is usually worsened by increasing the amount of money in circulation

>>
Reply to thread [?]Don't expect anything heroic. Your post will not be uploaded to the original board.
Name
E-mail
Subject
Comment
Action