Eli5 Why do some countries measure their currencies in large units?

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For example in Vietnam, lunch can be bought for 50,000 VD and in South Korea, apartments can cost several MILLION Won. Why do some countries use such large denominations?

In: Economics

10 Answers

Anonymous 0 Comments

I guess you mean small (in terms of comparative value) units of currency. The reason is historical rampant inflation.

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