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Japan has long harvested a shrub called mitsumata for its money supply. But when mitsumata started dying out, Japan searched for alternatives to make yen.
It found a lifeline in the foothills of the Himalayas. A low-value crop called argeli grew abundantly and was the perfect replacement for mitsumata.
Argeli was worth very little, often the only option for farmers who’d lost their crops to wild animals. When the Japanese arrived, they turned the once low-value argeli into a cash crop.
Now, one of Asia’s poorest countries is growing money for one of Asia’s richest nations. And the influx of cash brought industry and investment to Nepal’s small villages.
But while Japan loves its physical yen now, what will happen to Nepal’s new big business if the country goes cashless like the rest of Asia?
00:00 - Introduction
00:54 - Why Japan Chose Nepal
01:52 - Japan Trains Nepalese Farmers
03:34 - Nepalese Farmers’ Earnings
03:57 - Printing Yen
04:23 - History of Currency in Japan
05:01 - Why Cash Is Made of Paper
06:02 - Plastic Cash Goes Global
06:53 - Why Japan Stays Loyal to Paper Cash
07:12 - Japan Introduces a New Yen
08:03 - Nepal Cashes In
09:25 - What Happens in a Cashless Future?
10:07 - Why Japan Still Loves Physical Cash
10:48 - Nepal & Japan’s Lasting Relationship
11:25 - Credits
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#argeli #japaneseyen #bigbusiness
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