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#1
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High Denomination Notes
Dear All,
I have been reading the thread about the use of high denomination notes in the World. I live in Switzerland and here all available denominations are used from 10 francs up to 1000 francs, which you can normally get at any ATM. Sometimes you can even choose what combination of notes you wish to withdraw. The highest denomination, ie 1000 francs, is quite common for paying for instance rents or the usual monthly bills. :-) In the past there was a 500 note denomination, but it finished to be not used that much, and the current series of francs does not include it and neither will the next (which is due quite soon). It is interesting that in many ATM machine in Switzerland you can even directly withdraw euro notes (just 50s and 100s) or even deposit them in automatic tellers, if you have an account in that bank. :-) Most of the retailer do not oppose to receive high denomination notes as a means of payment and you can even pay a taxi driver with a 1000 francs note. :-) Credit Cards are catching up here too, although I have to say that, based on my experience, UK has had the most widespread use of cards long before the rest of Europe. As of the neighboring Country (Italy) which uses the Euro, the most common denomination is by far the 50 euro notes, however with the increase in prices, I have seen more and more the use of 100 euro notes. The 200 denomination is less common, even rarer than the 500 denomination which is still used to settle large payments in cash, such as during the reservation and purchase of cars for instance, or in similar transactions. Credit Cards are also catching very quickly, but still not as widespread as in the UK. I think that this is due to the different banking system which chrges more expenses for every transaction made. As of personal cheques, they are almost not used at all in Switzerland, whereas in Italy you may still see people using them, although not as much as in the past. As a dealer/collector, I always welcome the issuing of new notes, especially those from a series as beautiful as the current Canadian one. So, let us hope that it will be issued. :-) Best regards to all, Dr. Giovanni C. Pettinaro (IBNS LM-166, LANSA 1173). ---------------------------------------------------------------------------------------- Pettinaro Bros. World Paper Money http://homepage.hispeed.ch/pettinaro/ ---------------------------------------------------------------------------------------- |
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#2
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High Denomination Notes
"Giovanni C. Pettinaro" wrote in message ... Dear All, I have been reading the thread about the use of high denomination notes in the World. I live in Switzerland and here all available denominations are used from 10 francs up to 1000 francs, which you can normally get at any ATM. Interesting, how some nations can use large denomination notes and have large sums of cash change hands more frequently, then places like the USA, Britain, Germany, cash is less common. In the USA mostly credit cards or cheques as it is a way to wrack up lots of debt and go bankrupt, just like the USA government. Now even fast food restaurants take your credit cards, so you can buy your heart attack on a plate and go into debt at the same time. Quite convenient. |
#3
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High Denomination Notes
This thread about high-denomination notes has me curious.
What's the most valuable (at current exchange rates; not collector value) circulating note in use today? Off the top of my head, I remembered that Singapore has a $10,000 note, that's worth approximately US$6300: http://www.mas.gov.sg/masmcm/bin/pt1...s_Portrait_Ser ies__100001.htm Is anyone aware of a note with a higher value? Does anyone know how common or uncommon it is to see the $10K note in use in Singapore? It seems odd that most governments have removed their high-denomination notes from circulation, supposedly to thwart criminal activity, yet Singapore continues to produce a very high value note. Why? |
#4
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High Denomination Notes
"Owen Linzmayer" wrote in message ... This thread about high-denomination notes has me curious. What's the most valuable (at current exchange rates; not collector value) circulating note in use today? Off the top of my head, I remembered that Singapore has a $10,000 note, that's worth approximately US$6300: http://www.mas.gov.sg/masmcm/bin/pt1...s_Portrait_Ser ies__100001.htm Is anyone aware of a note with a higher value? Does anyone know how common or uncommon it is to see the $10K note in use in Singapore? It seems odd that most governments have removed their high-denomination notes from circulation, supposedly to thwart criminal activity, yet Singapore continues to produce a very high value note. Why? Brunei has a 10,000 denomination note also that might be similarly valued to the Singapore note. |
#5
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High Denomination Notes
Brunei Pick 20 is the latest 10,000-ringget note from Brunei, issued in 1989
only. Not part of any more recent series, though it's considered legal tender and "circulating" still in the country. The Brunei Dollar is at par with the Singapore Dollar, so the two are tied. Pictures and more info: http://www.finance.gov.bn/tt/EDITKKW...#1989%20SERIES On 8/24/06 9:20 AM, in article , "Sibirskmoneta" wrote: Brunei has a 10,000 denomination note also that might be similarly valued to the Singapore note. |
#6
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High Denomination Notes
and the current series of francs does
not include it and neither will the next (which is due quite soon). Is the Swiss National Bank really going to print the notes designed by Manuel Krebs? Personally I don't like them. I agree with you about the new series of Canadian notes. They are really very nice. I love the new 20 and the 100 is very nicely done too. I wish they would hold up better; it seems once they go into circulation they fall apart quickly. Ciao, Nico (a Ticino guy living in the US) |
#7
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High Denomination Notes
I think the Canadian $20 is the best note issued by Canada right now. I like
the portrait of Queen Elizabeth, and the Haida canoe on the back was a great choice. If the Bank of Canada did issue a $200 note I would hope that it would be a terra cotta red like the intaglio printing on the 1986 $2, or the darker red/brown that was used on the back of the 1935 $50. But I doubt it'll ever get issued. Kyle. Four Corners Coin and Currency, Winnipeg Manitoba wrote in message oups.com... and the current series of francs does not include it and neither will the next (which is due quite soon). Is the Swiss National Bank really going to print the notes designed by Manuel Krebs? Personally I don't like them. I agree with you about the new series of Canadian notes. They are really very nice. I love the new 20 and the 100 is very nicely done too. I wish they would hold up better; it seems once they go into circulation they fall apart quickly. Ciao, Nico (a Ticino guy living in the US) |
#8
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High Denomination Notes
Heard that the idea of a C$200 note is a bad one, but answer this
question - would you rather have an unwieldly bundle of C$100 notes or a bundle half as thick that looks less conspiculous. I think a C$200 note is a good idea, as I long suggested that the USA issue a US$200 note since, like Canada, the US$100 is the highest note in circulation. Kyle Mutcher wrote: I think the Canadian $20 is the best note issued by Canada right now. I like the portrait of Queen Elizabeth, and the Haida canoe on the back was a great choice. If the Bank of Canada did issue a $200 note I would hope that it would be a terra cotta red like the intaglio printing on the 1986 $2, or the darker red/brown that was used on the back of the 1935 $50. But I doubt it'll ever get issued. Kyle. Four Corners Coin and Currency, Winnipeg Manitoba wrote in message oups.com... and the current series of francs does not include it and neither will the next (which is due quite soon). Is the Swiss National Bank really going to print the notes designed by Manuel Krebs? Personally I don't like them. I agree with you about the new series of Canadian notes. They are really very nice. I love the new 20 and the 100 is very nicely done too. I wish they would hold up better; it seems once they go into circulation they fall apart quickly. Ciao, Nico (a Ticino guy living in the US) |
#9
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High Denomination Notes
£100 notes have been made in Scotland for many years, these are the
equivalent of can$200 but I have never seen one in circulation, £50's are seen on occasion but the highest note regularly seen circulating is the £20 note. Billy "dorancoins" wrote in message ups.com... Heard that the idea of a C$200 note is a bad one, but answer this question - would you rather have an unwieldly bundle of C$100 notes or a bundle half as thick that looks less conspiculous. I think a C$200 note is a good idea, as I long suggested that the USA issue a US$200 note since, like Canada, the US$100 is the highest note in circulation. Kyle Mutcher wrote: I think the Canadian $20 is the best note issued by Canada right now. I like the portrait of Queen Elizabeth, and the Haida canoe on the back was a great choice. If the Bank of Canada did issue a $200 note I would hope that it would be a terra cotta red like the intaglio printing on the 1986 $2, or the darker red/brown that was used on the back of the 1935 $50. But I doubt it'll ever get issued. Kyle. Four Corners Coin and Currency, Winnipeg Manitoba wrote in message oups.com... and the current series of francs does not include it and neither will the next (which is due quite soon). Is the Swiss National Bank really going to print the notes designed by Manuel Krebs? Personally I don't like them. I agree with you about the new series of Canadian notes. They are really very nice. I love the new 20 and the 100 is very nicely done too. I wish they would hold up better; it seems once they go into circulation they fall apart quickly. Ciao, Nico (a Ticino guy living in the US) |
#10
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High Denomination Notes
"note.boy" wrote in message ... £100 notes have been made in Scotland for many years, these are the equivalent of can$200 but I have never seen one in circulation, £50's are seen on occasion but the highest note regularly seen circulating is the £20 note. Billy Made for tourists or so the saying goes. |
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