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.

Bahraini Dinar

Bahraini Dinar

The dinar (Arabic: دينار‎ Dīnār Baḥrēnī) (sign: .د.ب or BD; code: BHD) is the currency of Bahrain. It is divided into 1000 fils (فلس). The name dinar derives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is abbreviated .د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils.

302 Japanese Yen to Bahraini Dinar exchange rates chart

302 JPY to BHD exchange rates graph
302 JPY to BHD 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.

302 JPY to BHD exchange rates table

Exchange JPY to BHD
302 Japanese Yen = 0.997 Bahraini Dinar
604 Japanese Yen = 1.994 Bahraini Dinar
1510 Japanese Yen = 4.985 Bahraini Dinar
3020 Japanese Yen = 9.971 Bahraini Dinar
Exchange Japanese Yen to Bahraini Dinar
302 Japanese Yen to Bahraini 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.

302 JPY to BHD exchange rates news

Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication

ISLAMABAD: The government of Japan has announced to provide 510 million Japanese Yen in grant aid to support supply of the essential polio vaccine for the

subjunctive positive
Japan provides 510 million Yen to assist Pakistan’s efforts for Polio Eradication - Pakistan

English News and Press Release on Pakistan about Contributions, Health, Children and Epidemic; published on 19 Nov 2018 by Govt. Japan and UNICEF

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Japanese Yen Strength Against USD Probably Worth Chasing For Now

The Japanese Yen doesn’t have many fundamental reasons to rise against the US Dollar, but its strength may have further to go in the short

conditional neutral
Week-Ahead Forecast For The GBP To JPY Exchange Rate: Eyes On BOJ Gov Kuroda And PM May Leadership

After weak performance in recent weeks, the Japanese Yen saw a resurgence in demand last week that helped it to capitalise against plummeting Pound

conditional negative
Xerox brings Iridesse Production Press to Middle East

Xerox, the company that invented the copier, laser printing and print-on-demand, is launching another first in the world of print — a high-speed, six-station color press — in the Middle East region. The Xerox Iridesse Production Press is the only digital press that can print metallic gold or silver dry ink, CMYK and clear dry ink in a single pass, giving print providers an

conditional positive
LG president to deliver keynote speech at CES 2019

President and Chief Technology Officer of LG Electronics Dr. I.P. Park, will deliver the pre-show keynote address at the upcoming CES 2019. Dr. Park’s address will take place on Jan. 7 in the MGM Park Theater in Las Vegas, Nevada, US.

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Air Arabia marks 15 years with new brand identity

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, celebrated 15 years of successful operations by unveiling a new brand identity, which it said is reflective of its innovative forward-looking and international approach.

subjunctive positive
IFID to spotlight ‘Next Generation Finnovators’

The 2nd Annual Islamic Finance Innovation Day (IFID) forum is set to take place in Bahrain on Nov. 26. The event will look at the important role of “Next Generation Finnovators” in the drive for fintech development and adoption in the Islamic banking and finance industry. The event is supported for the second year by strategic partner Bahrain Economic Development Board (EDB),

conditional positive
Bahrain air show attracts regional aviation companies

The 5th edition of the Bahrain International Air Show 2018 (BIAS 2018) has attracted the highest ever number of companies from the GCC, namely Saudi Arabia and the UAE. The event will be held under the patronage of Bahrain’s King Hamad bin Isa Al-Khalifa, and has been organized under the supervision of Sheikh Abdullah bin Hamad Al-Khalifa, personal representative and chairman

conditional positive

302 JPY to BHD currency converter