How did some currencies come to operate in the hundreds or thousands?

Question

For instance the Japanese 100 yen converts to just 1 Australian dollar.

In: Economics

Answer 1

I’m from Argentina and here it was because of inflation and devaluation, as things get more expensive low denomination bills become a problem because of how many you need so they release new ones with higher denomination, as of today anything below 100 is useless and may have more value as a relic