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Zimbabwe. A prime use case for Japanese yen? "At the height of the country’s economic crisis, Zimbabweans had to carry plastic bags bulging with banknotes to b
by robzyb 11y ago
Zimbabwe. A prime use case for Japanese yen?
"At the height of the country’s economic crisis, Zimbabweans had to carry plastic bags bulging with banknotes to buy basic goods. Prices were rising at least twice a day."
Japanese yen is often cited as being volatile. Its never been anywhere near as volatile as that ^ (at least not in the last 2 years)
- tormeh 11y agoThe Yen is volatile? Except for the last two years, there hasnt been any valuation change for a decade.
- donatj 11y agoWhen I went in 2008 it was 100 yen to a dollar almost exactly, made the conversation rate dead easy. 100 yen is now worth 80¢. That change was entirely US based?
- tormeh 11y agoFrom 1995 to 2012 Japanese inflation was essentially zero: http://www.inflation.eu/inflation-rates/japan/historic-inflation/cpi-inflation-japan.aspx http://www.inflation.eu/inflation-rates/japan/historic-infla...