Picture of the Day: That Is A Lot of Maos

Won plummets vs. dollar on yuan's depreciation

A clerk sorts out 100-yuan Chinese banknotes at the headquarters of Korea Exchange Bank in Seoul on Aug. 12, 2015. The South Korean won hit a 46-month low against the U.S. dollar following China’s second devaluation of its currency on the same day. The local currency closed at 1,190.8 won against the greenback, down 11.7 won from the previous session and the lowest close since the 1,194.0. won recorded on Oct. 4, 2011. (Yonhap)

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