The question was asked in an earlier comment if the Japanese economy was doing as poorly as the American economy right now. The answer is that there are many direct links between the failing economy of the US and Japan. The lows of the American economyu have been mirrored each step of the way. Record lows on the stock market are matched here in Japan.
Overall, however, the American dollar is getting weaker every day. When I first came here the exchange rate was 100.05 to 1. If you remember that 100 Yen is equivalent to $1. Essentially it was an even exchange. Two weeks before I left, the ratio was 105:1. When I exchanged for Yen two days ago, it was 95:1 and it is now somewhere around 93:1.
The pictures that I have posted are examples of Japanese Yen. To keep it simple, take the decimal on any bill/coin and move it two spaces to the left. So, a 100 Yen coin is worth $1.00. A 10000 Yen bill is worth $100.00.
I really enjoy seeing the currency for other countries. It is much more colorful than ours.
1 comment:
What is the biggest bill (money) they have is it like a 100,000 dollar bill?
Logan Kessler
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