Tokyo. The Tokyo Games, which were delayed by a year due to the deadly Corona virus pandemic (Covid-19), have proved to be the most expensive Olympics ever, with almost double the estimated cost of hosting in 2013. Is. About 1.42 trillion yen (about Rs 8.19 trillion) was spent in organizing the Tokyo Games.
Tokyo Olympic officials held its meeting on Tuesday in which the final details of the expenses associated with these games were kept. This organizing committee will be disbanded at the end of this month. However, it is challenging to calculate the cost due to recent fluctuations in the exchange rate between the dollar and the Japanese yen.
When the Games started last year, one dollar was equal to about 110 yen, while on Monday it was around 135 yen. This is the dollar’s highest level against the yen in nearly 25 years.
When these games were completed, the organizers had estimated the cost of 15.4 billion dollars (about 12 trillion rupees). Four months later, organizers said its total cost was $13.6 billion (about Rs 10.61 trillion). He said that there has been a big saving in this due to the fans not being in the stadium. Expenses on security cost, site maintenance etc. are reduced. Due to this, however, the organizers also lost the income from ticket sales.
FIRST PUBLISHED : June 21, 2022, 16:12 IST