Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

Jordanian Dinar

Jordanian Dinar

The Jordanian dinar (Arabic: دينار‎; code: JOD; unofficially abbreviated as JD) has been the currency of Jordan since 1950. The Jordanian dinar is also widely used alongside the Israeli shekel in the West Bank. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fulus.

160 Japanese Yen to Jordanian Dinar exchange rates chart

160 JPY to JOD exchange rates graph
160 JPY to JOD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

160 JPY to JOD exchange rates table

Exchange JPY to JOD
160 Japanese Yen = 1.037 Jordanian Dinar
320 Japanese Yen = 2.075 Jordanian Dinar
800 Japanese Yen = 5.187 Jordanian Dinar
1600 Japanese Yen = 10.375 Jordanian Dinar
Exchange Japanese Yen to Jordanian Dinar
160 Japanese Yen to Jordanian Dinar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

160 JPY to JOD exchange rates news

'Sayonara tax': Japan to charge international visitors depature fee

Leaving Japan will get a little more expensive for travellers starting this week.

12 days conditional negative
NZ dollar firms as trade talks, FOMC support global outlook - sharechat.co.nz

The New Zealand dollar rose as minutes from the Federal Reserve’s last rate-setting meeting and the conclusion of US-China trade talks left investors more confident about the global growth outlook

13 days conditional positive
Saudi Arabia, Kuwait, UAE deposit over $1bn in Jordan Central Bank

Saudi Arabia, Kuwait, UAE deposit over $1bn in Jordan Central Bank

7 days conditional positive
Central Bank raises overnight interest rate

AMMAN — The Central Bank of Jordan (CBJ) on Thursday decided to increase the interest rates on its overnight dinar deposit by 25 basis points, effective on Tuesday, June 19, a CBJ statement said.The CBJ, in the statement carried by the Jordan News Agency, Petra, decided to maintain the interest rate of the soft financing programme presented by CBJ to a set of productive

18 days conditional neutral
Jordan cabinet approves $13bn budget for 2019

AMMAN: Jordan’s cabinet approved on Wednesday a 9.25 billion dinar ($13 billion) budget for 2019 as part of a reform of public finances to ease the country’s record debt burden and spur economic growth hit by conflict in the region, officials said. Finance Minister Izzedin Kanakrieh said the budget, which will be sent to parliament for approval, envisaged a deficit equal to 2

24 days conditional negative
How Muslims are Changing the Face of Renewable Energy
How Muslims are Changing the Face of Renewable Energy

Climate change disproportionately affects the Muslim world. Jordan has begun to remedy this grave issue.

about 1 month indicative neutral
Local banking sector ‘most secure’ at pan-Arab level

AMMAN — The volume of combined assets of the Jordanian banking sector reached $70.4 billion by the end of the second quarter of 2018, registering a 1.7 per cent growth compared to the end of 2017, Secretary General of the Union of Arab Banks Wissam Fattouh said on Saturday.Such figures make the Jordanian banking sector the most secure in the Arab region, Fattouh added in a

about 2 months indicative neutral

160 JPY to JOD currency converter