Local News

Nagasaki’s Outlying Islands to Use Common Local Currency

The five municipalities on Nagasaki Prefecture’s outlying islands will issue and use a common local currency, it was learned. The use of the currency will entitle the purchase of 12,000 yen worth of goods for the equivalent of 10,000 yen in the currency. The objective is to help boost the slumping economy on those islands, which include Tsushima and Ikki.

Category
Business
Published: Feb 16, 2012 / Last Updated: Feb 23, 2012

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