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.

Libyan Dinar

Libyan Dinar

The dinar (Arabic: دينار‎ dīnār) is the currency of Libya. Its ISO 4217 code is "LYD". The dinar is subdivided into 1000 dirham (درهم). It was introduced in September 1971 and replaced the pound at par. It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment. Ali Mohammed Salem, deputy governor of Central Bank of Libya stated the exchange rate of Libyan dinar would be pegged to special drawing rights for one to three years, according to an interview to Reuters on 27 December 2011.

81 Japanese Yen to Libyan Dinar exchange rates chart

81 JPY to LYD exchange rates graph
81 JPY to LYD 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.

81 JPY to LYD exchange rates table

Exchange JPY to LYD
81 Japanese Yen = 0.990 Libyan Dinar
162 Japanese Yen = 1.981 Libyan Dinar
405 Japanese Yen = 4.952 Libyan Dinar
810 Japanese Yen = 9.903 Libyan Dinar
Exchange Japanese Yen to Libyan Dinar
81 Japanese Yen to Libyan 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.

81 JPY to LYD 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

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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

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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

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UN envoy wants Libya election by June 2019
UN envoy wants Libya election by June 2019

The UN envoy for Libya Ghassan Salame has expressed the hope that another attempt to hold an election will take place by June next year.

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Libya's December elections quietly dropped from agenda

The UN representative will now focus on a national conference next year and economic reform

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Libya commander Haftar visits Russia ahead of conference

MOSCOW: Russia’s Defense Minister Sergei Shoigu met Libyan commander Khalifa Haftar in Moscow on Wednesday, Russian media reported, signalling Kremlin support ahead of a conference aimed at settling the north African country’s years of strife. Russia’s military has long shown backing for the powerful Libyan commander, who dominates eastern Libya.   He has visited Russia

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West, UN bury December plan for Libya poll

France UN had set date for elections in December

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Exclusive: U.N., Western powers quietly bury December plan for...

The United Nations and Western powers have given up hope that Libya will hold elections in the immediate future, focusing on reconciliation first among rival factions locked in a cycle of conflict, diplomats and other sources said.

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81 JPY to LYD currency converter