• Ilovethebomb@lemm.ee
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    1 year ago

    Because the EU doesn’t use the cent, they use the Euro. A cent is a fraction of a euro.

    The Yen is like that because they had hyperinflation for a while.

    This comment really doesn’t make sense.

    • smollittlefrog@lemdro.id
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      1 year ago

      The point of the comment is to point out the common misconception that the value of one [token of a currency] has anything to do with the strength of a currency. As described in the comment, the value of a singular token of a currency can be chosen arbitrarily.

      This, of course, doesn’t mean the map is factually incorrect.

      • azertyfun@sh.itjust.works
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        1 year ago

        But the value of a unit of currency being unrelated to the currency’s strength had nothing to do with whether that currency has cents or not. That comment just used the wrong explanation to make a correct point.

        Also the map isn’t entirely useless, because what it does illustrate is currencies which likely suffered from high or hyper-inflation in the past (or are very old). Obviously, no government first issues a currency and says “… and so one loaf of bread is 10000 schmeckles”. That’s just impractical.

        Of course this doesn’t mean that then Japanese Yen is a bad currency, but it does make for an interesting historical point.

      • Programmer Belch@lemmy.dbzer0.com
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        1 year ago

        This, I don’t think the map is incorrect, for me it would be more interesting to compare people’s wealth than the arbitrary value of a token