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#11
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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
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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
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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
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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
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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
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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
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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
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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
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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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