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

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Anonymous 0 Comments

Wouldn’t those be examples of *small* units though?

A currency with “large” units would be (for example) Bitcoin, where lunch would cost like 0.0000001 Bitcoin.

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