Why Nepal Grows Japan’s Cash | Big Business | Business Insider

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Japan has long harvested a shrub called mitsumata for its money supply. But when the shrub 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 became its replacement. 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? https://chintapuorganicfarm.com.np/ 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 ------------------------------------------------------ #argeli #japaneseyen #currency #nepalnews #bigbusiness MORE BIG BUSINESS VIDEOS: How Pistachio Farmers Built A Billion-Dollar Empire During California Droughts https://youtu.be/GOPr7N6BDxA Why Billionaires Are Burying Their Wealth In Bunkers https://youtu.be/Y6doBVxZVAs How One Tiny Country Rivals American Farming https://youtu.be/diBS0VfVcbs Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/businessinsider Business Insider on Twitter: https://www.twitter.com/businessinsider Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 Business Insider on TikTok: https://www.tiktok.com/@businessinsider How A Shrub In Nepal Turns Into Japan’s Cash | Big Business | Business Insider