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Bye Bye Ben? Paper euros buck trend of dollar use



 
 
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  #11  
Old May 22nd 05, 09:09 PM
note.boy
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I find that once I break a £1 note the rest goes very quickly. Billy


Scottishmoney wrote:

"oly" wrote in message
ups.com...
The 500 euro note is just one way that european politicans (especially
the French) pander to the world's drug dealers and to third-world tin
pot dictators. There is no other economic reason for its existence.

oly


I rarely have anything more than $20.00.

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  #12  
Old May 22nd 05, 09:15 PM
note.boy
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Scottish banks have issued £100 notes for many years, in very small
quantities the further back you go, they would not have circulated very
much and they were probably just issued as some kind of prestige thing.

If one bank issued a £100 note the others probably thought that they
should do so also.

I have no £100 notes in my collection, or £50's.

It's not often that the £50 or £100 are seen being spent. Billy


oly wrote:

Perhaps you being an enlightened European and me just a stupid american
(who voted for both George Bush senior and junior twice each), you
could tell me exactly what a 500 euro or 1000 DM note would be good for
in normal daily life? Answer: There is no good reason except tax
evasion or drugs.

oly

Christian Feldhaus wrote:
Scottishmoney wrote:

"oly" wrote in message
ups.com...
The 500 euro note is just one way that european politicans

(especially
the French) pander to the world's drug dealers and to third-world

tin
pot dictators. There is no other economic reason for its

existence.

oly

I rarely have anything more than $20.00.


Good for you. Otherwise you could be mistaken for a drug dealer or,

even
worse, one of those rotten Europeans by some g. I hardly ever use

a
¤200 note, and the only time I have ever owned a ¤500 note was

three
years ago - when I specifically asked for one at the bank, just

because
I was curious.

On the other hand, we have "always" had 1000 DM notes in Germany.

That
would be about 511 euro now - but 30 or 40 years ago, a thousand

marks
would buy you much more of course. Similarly, the Swiss have a 1000

CHF
note - worth about 647 euro ...

Christian

  #13  
Old May 22nd 05, 09:47 PM
Scottishmoney
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"note.boy" wrote in message
...
Scottish banks have issued £100 notes for many years, in very small
quantities the further back you go, they would not have circulated very
much and they were probably just issued as some kind of prestige thing.

If one bank issued a £100 note the others probably thought that they
should do so also.

I have no £100 notes in my collection, or £50's.

It's not often that the £50 or £100 are seen being spent. Billy

And when they were it usually was some tourist on the Golden Mile in Edin.


  #14  
Old May 22nd 05, 09:55 PM
note.boy
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Usually Americans in very loud check trousers. :-) Billy


Scottishmoney wrote:

"note.boy" wrote in message
...
Scottish banks have issued £100 notes for many years, in very small
quantities the further back you go, they would not have circulated very
much and they were probably just issued as some kind of prestige thing.

If one bank issued a £100 note the others probably thought that they
should do so also.

I have no £100 notes in my collection, or £50's.

It's not often that the £50 or £100 are seen being spent. Billy

And when they were it usually was some tourist on the Golden Mile in Edin.

  #15  
Old May 22nd 05, 10:18 PM
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oly wrote:
Answer: There is no good reason except tax
evasion or drugs.


No. In Europe it's not always usual to pay with a credit card. So you
need another payment method - what, if you want to buy a car?
I bought twice in my life a car with cash money. The first time I
needed DEM 10.000, I got those money in 500- and 1,000-DEM-banknotes.
The next car I paid in cash, too - 24,000 DEM. I got 500- and 1,000
DEM-banknotes, too.
My dealer didn't accept any credit card (because he have to pay fees
for accepting credit cards, afaik 3%) so at 24,000 DEM it's a fee of
DEM 720!
Using a cheque? What if I don't have this money on my account?
With cash money you can pay, everytime at any place in the world.
Ok, nobody will buying a car every day - but sometimes it's useful to
have EUR 200 or EUR 500-banknotes. If you're buying electronical things
like computers, tv-sets and so on - some dealers doesn't accept our
"maestrocard" or there's a smaller limit on the card.
By the way - the biggest denomination in the world at this day will be
philippines Pesos. 100,000. Ok, it's a commemorative banknote with no
circulation. $10,000 approx.
But in Singapore and in Brunei there are banknotes with a amount of
10,000 Ringgit/Dollars. $6,000. And if you're knowing the right people
- they're using those banknotes...

  #16  
Old May 22nd 05, 10:25 PM
Christian Feldhaus
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oly wrote:

Answer: There is no good reason except tax evasion or drugs.


Sure, the same darn rotten European governments that tighten money
laundering regulations over here also decide to issue such notes in
order to encourage tax evasion or to support drug trafficking. Makes a
lot of sense to me ...

As far as I am concerned, a ¤500 note is not necessary (see my previous
reply in this thread). But quite obviously there is some demand for it,
and elsewhere in Europe there are even higher value notes. People who
buy used cars over here, for example, often pay cash. Some people have
limited trust in banks and keep some or even most of their money at
home. And so on. There are lots of possible reasons for using high value
notes without being a criminal.

Christian
  #17  
Old May 22nd 05, 10:52 PM
Christian Feldhaus
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note.boy wrote:

It's not often that the £50 or £100 are seen being spent. Billy


It is similar over here. Many stores in DE and NL, for example, have
more or less prominent signs that they do not accept ¤200 and ¤500
notes. Some places even have a "no 100ers" policy.

By the way, the ¤200 seems to be even less "popular" than the ¤500 note.
I checked the production figures (1999-2005, in millions of bank notes,
with 2005 being an estimate), et voilà ...

¤5 4926
¤10 6663
¤20 7022
¤50 6465
¤100 1874
¤200 356
¤500 665

Christian
  #19  
Old May 22nd 05, 11:41 PM
Scottishmoney
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wrote in message
No. In Europe it's not always usual to pay with a credit card. So you
need another payment method - what, if you want to buy a car?
I bought twice in my life a car with cash money. The first time I
needed DEM 10.000, I got those money in 500- and 1,000-DEM-banknotes.
The next car I paid in cash, too - 24,000 DEM. I got 500- and 1,000
DEM-banknotes, too.
My dealer didn't accept any credit card (because he have to pay fees
for accepting credit cards, afaik 3%) so at 24,000 DEM it's a fee of
DEM 720!
Using a cheque? What if I don't have this money on my account?
With cash money you can pay, everytime at any place in the world.
Ok, nobody will buying a car every day - but sometimes it's useful to
have EUR 200 or EUR 500-banknotes. If you're buying electronical things
like computers, tv-sets and so on - some dealers doesn't accept our
"maestrocard" or there's a smaller limit on the card.


I know that most car dealers etc in the USA will avoid taking large amounts
of cash, for one - they prefer to finance the car, and for two they don't
like to manage a large amount of cash on the premises.

But I have been places in the world where you cannot use credit cards at all
except in large hotels in the capital city etc. The rest of the time it was
cash.


  #20  
Old May 22nd 05, 11:46 PM
Alan Williams
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Christian Feldhaus wrote:

oly wrote:

Answer: There is no good reason except tax evasion or drugs.


Sure, the same darn rotten European governments that tighten money
laundering regulations over here also decide to issue such notes in
order to encourage tax evasion or to support drug trafficking. Makes a
lot of sense to me ...

As far as I am concerned, a €500 note is not necessary (see my previous
reply in this thread). But quite obviously there is some demand for it,
and elsewhere in Europe there are even higher value notes. People who
buy used cars over here, for example, often pay cash. Some people have
limited trust in banks and keep some or even most of their money at
home. And so on. There are lots of possible reasons for using high value
notes without being a criminal.

Christian


Don't mistake posts from 'Oly' as representing majority opinions, please!!

Alan
'and we wonder how Americans get a reputation'
 




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