August 21st, 2008
Culture, design research

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currency exchange, yen to yen

japanese_yen_new.jpg

Earlier I posted an entry about the importance of new, crisp bills when you give or pay cash to someone in Japan. The fact that bills are unused is quite important indication that you care about the other. Weddings and funerals are crucial cases. And for a person with a profession in research, it is when I conduct interviews or user tests that I need to think about the ‘newness’ of the bills.

Although Japanese bills tend to be pretty clean, it would still be a mission impossible to acquire bills without any wrinkle in everyday life. So most people go to a nearby bank. Primarily this currency exchange service is used by shop owners, who want to make sure they have enough loose changes for their customers. You can fill in the form they provide and indicate how you want to your cash, in which bills or coins, and how many. But simultaneously you can also mark a check box indicating that you would like all bills to be new.

CurrencyExchange_BankForm

Exchange up to 50 bills are done for free, up to 500 will cost you 315 yen. Although going to a bank during such busy times like right before your interviews is a hassle, it is certainly nice when you have such clean bills in your hand even if that is for a short time.

I don’t know quite well what actually happens to the old bills, but one interesting example I saw was to make a souvenir out of it. My school alumni who works for Bank of Japan showed me that their gift shop sells a pen which fills the cartridge space with old shredded bills. It’s true, you won’t get such a thing anywhere else!

YenPen_BankOfJapan.jpg

And speaking of the perceived value of bills, we see that different countries have different perception. In China, quite often I saw bills with scribbles. Some came with numbers, which was obviously a trace of counting; while some came with someone’s name… perhaps money was collected from different people and those names indicated the person who paid? The below image is the 100 yuan bill, the biggest bill you find in China.

ChineseYuan_withScribbles.jpg

How are bills in your country treated?
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