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#141
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"Hugh Brodie" wrote in message
... Speaking of hyper-inflation, it's fun looking at the website of the Reserve Bank of Zimbabwe http://www.rbz.co.zw to see the daily exchange rate of the $Z vs the $US. Yesterday, it was 5,817,000,000; today it's 6,718,000,000. They have just issued $Z 50,000,000,000 notes ("bearer cheques"). And it will cost you $Z 1,800,000,000 to mail a postcard to the US. http://www.zimpost.co.zw/postalrates.html It's a shame that there are no images of currently circulating Zimbabwean notes or coins. |
#142
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"Roland Perry" wrote in message
... In message , at 10:55:40 on Thu, 19 Jun 2008, Dik T. Winter remarked: On another note, though, I would like to see the abolition of the 1p and 2p coins as the Dutch have done with the 1 and 2 euro-cent coins. There is hardly a need for them these days. Are they allowed to do that when they are valid elsewhere in the EU? The 1 and 2 cent coins are accepted but that is just about all. Moreover, when paying in cash the total amount to pay is rounded to the nearest multiple of 5 cent (which is allowed *), so you will never receive 1 and 2 cent coins. Half an hour ago a Dutch bureau de change gave me a 97 cents, rather than the 96 cents they calculated they owed me. The change included one each of 2c and 5c. So it seems the Dutch have not abolished the 2c after all. Can they actually abolish it in their country, however? It's one monetary system, which is used by 15 states. |
#143
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#144
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Roland Perry wrote:
In message , at 17:40:44 on Wed, 18 Jun 2008, Nobody remarked: exchanging the US quarters for Green Back paper. Any bank I approached, refused to accept the large numbers of coins as I wasn't/we weren't a customer. 15 years ago I was given $100 bills by a clueless Bureau de Change, and I couldn't find a bank in a large US city that would change them, even when I enlisted the support of one of their customers! As a result I now never accept notes larger than $20. Most US retailers won't accept bills over $20, due to fears of counterfeiting, which is why ATMs no longer give them out. I've never had a problem getting a bank to accept $50 and $100 bills, though. They may swipe them with a special pen, run them under a black light, or check other security features, but they should take them. If all else fails, find a casino. They'll be happy to change your $100 bills into chips, which you can then immediately trade back in for $20 bills. S |
#145
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On Thu, 19 Jun 2008 23:42:31 +0100, wrote:
"Hugh Brodie" wrote in message m... Speaking of hyper-inflation, it's fun looking at the website of the Reserve Bank of Zimbabwe http://www.rbz.co.zw to see the daily exchange rate of the $Z vs the $US. Yesterday, it was 5,817,000,000; today it's 6,718,000,000. They have just issued $Z 50,000,000,000 notes ("bearer cheques"). And it will cost you $Z 1,800,000,000 to mail a postcard to the US. http://www.zimpost.co.zw/postalrates.html It's a shame that there are no images of currently circulating Zimbabwean notes or coins. http://www.marketoracle.co.uk/Article4266.html http://mjperry.blogspot.com/2008/04/...urrencies.html http://www.neatorama.com/category/money-finance/page/2/ The latter also has a 100,000 USD note. http://stores.ebay.com.sg/Roberts-Wo...QQftidZ2QQtZkm |
#147
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In message , at 23:43:47 on Thu, 19
Jun 2008, remarked: So it seems the Dutch have not abolished the 2c after all. Can they actually abolish it in their country, however? I don't know. I was simply reporting that it was, in fact, still in circulation, despite reports to the contrary. It's one monetary system, which is used by 15 states. I'm going to France soon and I'll see what the situation is there. -- Roland Perry |
#148
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On 19/06/2008 at 23:33:56 (%mail)wrote: in
uk.railway "Mark Brader" wrote in message ... Neither were the $100,000 US ones. The largest US denomination for general circulation is the $10,000, last issued around 1944 (but still valid if you have any, as the US does not demonetize old issues). The highest denomination still printed in the US dropped again around 1969 from $1,000 to $100, and Canada copied that move in about 2000, in both cases on the grounds that criminals would be inconvenienced and most other people would not. It seems that people and businesses feel a bit uneasy about the 500-euro note, as if it has some sort of stigma attached to it. The 500 euro note seems to have been designed for wealthy Germans to transport undeclared cash to and from their Luxembourg bank accounts. Richard Hunt |
#149
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On Thu, 19 Jun 2008 23:33:56 +0100, wrote:
"Mark Brader" wrote in message Neither were the $100,000 US ones. The largest US denomination for general circulation is the $10,000, last issued around 1944 (but still valid if you have any, as the US does not demonetize old issues). The highest denomination still printed in the US dropped again around 1969 from $1,000 to $100, and Canada copied that move in about 2000, in both cases on the grounds that criminals would be inconvenienced and most other people would not. It seems that people and businesses feel a bit uneasy about the 500-euro note, as if it has some sort of stigma attached to it. Maybe they're afraid it could be a counterfeit. A few weeks ago, I bought my annual season ticket (complete NMBS network + De Lijn bus/tram) for EUR 2695, for which I payed in cash. From my bank, I got a mix of 500, 200, 100 and 50 euro notes. At the station, the clerk held all notes under a small ultraviolet lamp to see if they were real. I asked him if he often encountered counterfeits and he said yes, we do. ObRail: a few years ago in Switzerland I had the pleasure of buying a train ticket that cost something like 130 francs and paying for it by inserting cash into the ticket machine *including a 100-franc note, worth over 40 pounds*. The 200-franc denomination was in common use as well, and I daresay the machine would have accepted that too if my ticket had been expensive enough. I notice that in Amsterdam, GVB does not accept 50-euro notes. Not even when you buy ticket(s) for that amount or more? Regards, Rian -- Rian van der Borgt, Leuven, Belgium. e-mail: www: http://www.evonet.be/~rvdborgt/ |
#150
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In article Roland Perry writes:
In message , at 10:55:40 on Thu, 19 Jun 2008, Dik T. Winter remarked: On another note, though, I would like to see the abolition of the 1p and 2p coins as the Dutch have done with the 1 and 2 euro-cent coins. There is hardly a need for them these days. Are they allowed to do that when they are valid elsewhere in the EU? The 1 and 2 cent coins are accepted but that is just about all. Moreover, when paying in cash the total amount to pay is rounded to the nearest multiple of 5 cent (which is allowed *), so you will never receive 1 and 2 cent coins. Half an hour ago a Dutch bureau de change gave me a 97 cents, rather than the 96 cents they calculated they owed me. The change included one each of 2c and 5c. Individual shops may do it differently, but what I wrote is the general situation. So it seems the Dutch have not abolished the 2c after all. Neither have the Fins. But neither the Dutch nor the Fins do mint those coins. And neither Finland nor in the Netherlands do they really circulate. I have a 2 cent coin in my pocket that is there since I was in Belgium, last October. -- dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131 home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/ |
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