Japanese Yen in Argentine Peso

JPY Japanese Yen

Country of application:
Japan

Coin denominations in circulation:
500, 100, 50, 10, 5 and 1 yen.

Denominations of banknotes in circulation:
10,000, 5,000, 2,000 and 1,000 yen.

History reference:
The Japanese yen is the official currency of Japan, one of the worlds leading currencies, an important reserve currency along with the US dollar, euro and pound sterling. On the front side of Japanes...e banknotes, writers and educators are depicted: 10,000 yen - a portrait of Fukuzawa Yukichi, 5,000 - Nitobe Inazo, 2,000 - Murasaki Shikubu, and 1,000 - Natsume Soseki. Coins differ from each other in the material of manufacture and pattern. Made of nickel are 500 yen (with a paulownia flower on the front), 100 yen (sakura), and 50 yen (chrysanthemum). A 10 yen coin, which depicts the Phoenix Hall of Bedoin Monastery, and a 5 yen coin decorated with a rice ear are minted from bronze. 1 yen is made of aluminum and contains a symbolic image of a seedling. On the reverse side of the coins, as a rule, the denomination and year of issue are indicated. 5 and 50 yen have a hole in the center.

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

Denominations of banknotes in circulation:
1, 2, 5, 10 pesos.

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.