Japan has long harvested a shrub called mitsumata for its money supply. But when mitsumata started dying out, Japan frantically searched for alternatives to make yen.<\/p>\n
It found a lifeline in the foothills of the Himalayas. A low-value crop called called argeli grew abundant and was the perfect replacement for mitsumata.
\nArgeli was worth very little, often the only option for farmers who\u2019d lost their crops to wild animals. When the Japanese arrived, they turned the once low-value argeli into a cash crop.<\/p>\n
Now, one of Asia\u2019s poorest countries is growing the money for one of Asia\u2019s richest nations. And the influx of cash brought industry and investment to Nepal\u2019s small villages.<\/p>\n
But while Japan loves its physical yen now, what will happen to Nepal\u2019s new big business if the country goes cashless like the rest of Asia?<\/p>\n
00:00 – Introduction
\n00:54 – Why Japan Chose Nepal
\n01:52 – Japan Trains Nepalese Farmers
\n03:34 – Nepalese Farmers\u2019 Earnings
\n03:57 – Printing Yen
\n04:23 – History of Currency in Japan
\n05:01 – Why Cash Is Made of Paper
\n06:02 – Plastic Cash Goes Global
\n06:53 – Why Japan Stays Loyal to Paper Cash
\n07:12 – Japan Introduces a New Yen
\n08:03 – Nepal Cashes In
\n09:25 – What Happens in a Cashless Future?
\n10:07 – Why Japan Still Loves Physical Cash
\n10:48 – Nepal & Japan\u2019s Lasting Relationship
\n11:25 – Credits<\/p>\n
——————————————————
\n#argeli #japaneseyen #bigbusiness <\/p>\n
MORE BIG BUSINESS VIDEOS: Business Insider tells you all you need to know about business, finance, tech, retail, and more.<\/p>\n Visit our homepage for the top stories of the day: https:\/\/www.businessinsider.com<\/a> How A Shrub In Nepal Turns Into Japan\u2019s Cash | Big Business | Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":" Japan has long harvested a shrub called mitsumata for its money supply. But when mitsumata started dying out, Japan frantically<\/p>\n","protected":false},"author":1,"featured_media":83315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-83299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/83299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/comments?post=83299"}],"version-history":[{"count":0,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/posts\/83299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media\/83315"}],"wp:attachment":[{"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/media?parent=83299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/categories?post=83299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nicheblog.top\/news\/wp-json\/wp\/v2\/tags?post=83299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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