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How much was a ticket for the underground in the 60s?
"Rian van der Borgt" wrote in message
... I notice that in Amsterdam, GVB does not accept 50-euro notes. Not even when you buy ticket(s) for that amount or more? I'm not sure, though I saw on trams an image of a 50-euro note that had been crossed out. My guess is that they are not expexting you to stump up that much cash for tickets in one go -- at least not on trams. |
How much was a ticket for the underground in the 60s?
"Dik T. Winter" wrote in message
... 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. -- Because it is the European Central Bank that decides the policy on 1- and 2-cent coins, and not the individual member states. |
How much was a ticket for the underground in the 60s?
"Charles Ellson" wrote in message ... On Thu, 19 Jun 2008 23:42:31 +0100, wrote: "Hugh Brodie" wrote in message om... 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 Many thanks for that. Wouldn't it be illegal to sell a 100,000-dollar note, however? They are not intended for general circulation and I wonder if the relevant US authorities would have something to say about that. |
How much was a ticket for the underground in the 60s?
"Hugh Brodie" wrote in message
... wrote in message ... "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. A few notes here - buying a beer in Hara http://images.google.ca/imgres?imgur...%3Den%26sa%3DG Interesting. Are people in Zimbabwe using a foreign currency, such as the dollar or the rand, to purchase things or to hedge against a devaluing currency? I would think that it would be difficult to actually carry around such large volumes of currency. |
How much was a ticket for the underground in the 60s?
"Roland Perry" wrote in message
... In message , at 18:11:59 on Fri, 20 Jun 2008, Peter Beale remarked: The strange thing about France is that several years after going over to the Euro, many bills and credit card slips still have the amount in francs as well as euros. I am not sure why this is. It was like that originally in the Netherlands too (not French francs though, of course), but it soon went away. It seemed to be linked to people who hadn't had their menus and price tags reprinted into Euros yet. -- Each state had its own transition periods, in which both currencies could operate side by side. |
How much was a ticket for the underground in the 60s?
"Stephen Sprunk" wrote in message
... 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. Will English and Welsh retailers accept Scottish 100-pound notes? |
How much was a ticket for the underground in the 60s?
wrote Will English and Welsh retailers accept Scottish 100-pound notes? Small retailers, except perhaps in Carlisle, Berwick, or Newcastle, wouldn't see one in a month of Sundays - and many small English and Welsh retailers won't accept any Scottish notes. After all, they are not legal tender, even in Scotland. For that matter, Bank of England notes aren't legal tender in Scotland (though legal tender has a narrow technical meaning). Peter |
How much was a ticket for the underground in the 60s?
On Jun 20, 11:30*pm, "Peter Masson" wrote:
wrote Will English and Welsh retailers accept Scottish 100-pound notes? Small retailers, except perhaps in Carlisle, Berwick, or Newcastle, wouldn't see one in a month of Sundays - and many small English and Welsh retailers won't accept any Scottish notes. After all, they are not legal tender, even in Scotland. For that matter, Bank of England notes aren't legal tender in Scotland (though legal tender has a narrow technical meaning). I remember my economics teacher saying that about Scottish notes many decades ago, but no one believed me when I repeated it. Given that the claim wasn't clarified to me at the time I couldn't back it up with an explanation. English people are convinced that Scottish notes are legal tender. I was in a pub near Kings Cross with someone with a Scottish accent who lived in Leytonstone who was most miffed when they decided to dump some Scottish notes in his change. |
How much was a ticket for the underground in the 60s?
"Peter Masson" wrote in message
... wrote Will English and Welsh retailers accept Scottish 100-pound notes? Small retailers, except perhaps in Carlisle, Berwick, or Newcastle, wouldn't see one in a month of Sundays - and many small English and Welsh retailers won't accept any Scottish notes. After all, they are not legal tender, even in Scotland. For that matter, Bank of England notes aren't legal tender in Scotland (though legal tender has a narrow technical meaning). If the notes are from Scotland and bear the word sterling then they are legal tender and I believe that retailers have to accept them. I have not had a problem receiving Scottish notes or paying with them, beyond the occasional odd look. As for Scottish notes in Newcastle, I think for comparison that it is not uncommon to see Manx coins in Liverpool. Those are actually not legal tender, however, as they are not from the United Kingdom. But my bank does accept Manx and Channel Island banknotes for deposit. |
How much was a ticket for the underground in the 60s?
BH Williams wrote:
Whilst the French were still using the franc, most people of my acquaintance in rural France still referred to land and property values in old francs (which hadn't been around for at least forty years)- very disconcerting when one heard of something costing X million (centimes). I think they like to keep some point of reference to pre-existing values, so they've got something to complain about.... Brian I find it useful (and frightening) to convert from decimal currency back to old-fashioned pounds, shillings and pence; a small bar of chocolate now costs twelve shillings (60p). Bruce |
How much was a ticket for the underground in the 60s?
MIG wrote:
I was in a pub near Kings Cross with someone with a Scottish accent who lived in Leytonstone who was most miffed when they decided to dump some Scottish notes in his change. When returning from an overseas tour with the RAF in the 1960s it was quite common to find that the final pay parade prior to returning to the UK resulted in a handful of notes from the British Linen Bank, the Clydesdale Bank and sundry other obscure but perfectly legal outfits. The buffet bar on Swindon station (first port of call after RAF Lyneham) was remarkably knowledgeable in such financial matters. Bruce |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 23:30:29 +0100, "Peter Masson"
wrote: wrote Will English and Welsh retailers accept Scottish 100-pound notes? Small retailers, except perhaps in Carlisle, Berwick, or Newcastle, wouldn't see one in a month of Sundays - and many small English and Welsh retailers won't accept any Scottish notes. After all, they are not legal tender, even in Scotland. For that matter, Bank of England notes aren't legal tender in Scotland (though legal tender has a narrow technical meaning). Even in Scotland you'll probably have trouble using a 100 pound note unless it is someone that knows you and they are able to give any change required or it is a business where such notes are "normal" payment. |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 22:42:05 +0100, wrote:
"Charles Ellson" wrote in message .. . On Thu, 19 Jun 2008 23:42:31 +0100, wrote: "Hugh Brodie" wrote in message news:ZKGdnURP4qoCEMfVnZ2dnUVZ_sbinZ2d@giganews. com... 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 Many thanks for that. Wouldn't it be illegal to sell a 100,000-dollar note, however? They are not intended for general circulation and I wonder if the relevant US authorities would have something to say about that. The one that I'm looking at ATM (on-line, not in my hand!) does not seem to have any such restriction :- http://tinyurl.com/3xs6hh (www.purpleslinky.com) and is "Payable to Bearer". It looks as if while there was no intention for them to "escape" into general circulation they were still printed as currency. As long as there is the correct amount of gold/cowrie shells/whatever to back a note then there should be no practical reason to worry about them getting into public hands. |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 22:43:35 +0100, wrote:
"Jim Brittin" [wake up to reply] wrote in message m... In article , says... "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. 50 million note here http://www.timesonline.co.uk/multime.../Zimbabwe__05_ 385x25_351858a.jpg Anywhere to see the other side of these notes? The half-milliard has both sides shown in :- http://www.colin-narbeth.com/world_frames.html choose "Zimbabwe" on the side bar and click on the image at the bottom of the page. |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 22:46:33 +0100, wrote:
"Hugh Brodie" wrote in message m... wrote in message ... "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. A few notes here - buying a beer in Hara http://images.google.ca/imgres?imgur...%3Den%26sa%3DG Interesting. Are people in Zimbabwe using a foreign currency, such as the dollar or the rand, to purchase things or to hedge against a devaluing currency? I would think that it would be difficult to actually carry around such large volumes of currency. ITYF the USD is a universal black-market currency in countries where the economy has gone tits-up, possibly accompanied to a lesser degree by Sterling and Euros or any more local "trusted" foreign currency. |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 15:48:56 -0700 (PDT), MIG
wrote: On Jun 20, 11:30*pm, "Peter Masson" wrote: wrote Will English and Welsh retailers accept Scottish 100-pound notes? Small retailers, except perhaps in Carlisle, Berwick, or Newcastle, wouldn't see one in a month of Sundays - and many small English and Welsh retailers won't accept any Scottish notes. After all, they are not legal tender, even in Scotland. For that matter, Bank of England notes aren't legal tender in Scotland (though legal tender has a narrow technical meaning). I remember my economics teacher saying that about Scottish notes many decades ago, but no one believed me when I repeated it. Given that the claim wasn't clarified to me at the time I couldn't back it up with an explanation. English people are convinced that Scottish notes are legal tender. According to Yahoo Answers, Scottish notes were legal tender from 1939-1946 under the Currency (Defence) Act 1939. I was in a pub near Kings Cross with someone with a Scottish accent who lived in Leytonstone who was most miffed when they decided to dump some Scottish notes in his change. He would have been even more miffed if the publican didn't give him any change at all, there being no general obligation to do so. |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 23:55:16 +0100, wrote:
"Peter Masson" wrote in message ... wrote Will English and Welsh retailers accept Scottish 100-pound notes? Small retailers, except perhaps in Carlisle, Berwick, or Newcastle, wouldn't see one in a month of Sundays - and many small English and Welsh retailers won't accept any Scottish notes. After all, they are not legal tender, even in Scotland. For that matter, Bank of England notes aren't legal tender in Scotland (though legal tender has a narrow technical meaning). If the notes are from Scotland and bear the word sterling then they are legal tender and I believe that retailers have to accept them. I have not had a problem receiving Scottish notes or paying with them, beyond the occasional odd look. As for Scottish notes in Newcastle, I think for comparison that it is not uncommon to see Manx coins in Liverpool. Those are actually not legal tender, however, as they are not from the United Kingdom. But my bank does accept Manx and Channel Island banknotes for deposit. Scottish notes aren't "legal tender" in Scotland never mind England but that status has no general practical application in Scotland where a claim that a debt has not been discharged because Scottish notes have been offered has AFAIAA never succeeded in recent years. |
How much was a ticket for the underground in the 60s?
|
How much was a ticket for the underground in the 60s?
wrote:
"Charles Ellson" wrote in message ... On Thu, 19 Jun 2008 23:42:31 +0100, wrote: "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. 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 Many thanks for that. Wouldn't it be illegal to sell a 100,000-dollar note, however? They are not intended for general circulation and I wonder if the relevant US authorities would have something to say about that. For starters, the US authorities have something to say about any cash transaction larger than USD5,000, due to money laundering (and now "terrorism") laws regardless of the size of the individual bills. USD10,000 and 100,000 bills were only issued to the Federal Reserve Banks as a way to transfer money between themselves (much easier than shipping gold) and were not circulated _at all_. According to the authorities, all were accounted for and all were destroyed except a few that were lent (not given or sold) to museums. It is supposedly impossible for a person to acquire a legitimate one legally, so if such a bill were presented to a bank, the person would be arrested for either counterfeiting or theft. Now, if it turns out that any of those bills _did_ get into circulation and had been hoarded for eight-plus decades without detection, a bank would be required to accept it for deposit (the US never demonetizes old currency or coins), but they could not give it out to another customer for a withdrawal. They would send the bill to their Federal Reserve Bank, which would undoubtedly destroy it immediately. That is exactly what would happen to the remaining USD1000 bills that are out there, but nobody sane would ever present them to a bank because they're worth more as collectibles than as money, just like old silver and gold coins that are now worth many times their face value. This is decidedly different than what happens to (relatively rare) USD2 bills, which banks accept without comment but only give out to customers upon specific request. Banks also hoard USD50 and USD100 bills, but they'll ask if you want them if your withdrawal is large ("Do you want that in hundreds or twenties?"). S |
How much was a ticket for the underground in the 60s?
Bruce Fletcher (Stronsay, Orkney) wrote:
I find it useful (and frightening) to convert from decimal currency back to old-fashioned pounds, shillings and pence; a small bar of chocolate now costs twelve shillings (60p). Surely such conversions have very little use? Unless, of course, you're also converting your modern day wages into shillings. -- Simon Brighton ex-Westbury, ex-Aberystwyth |
How much was a ticket for the underground in the 60s?
Charles Ellson wrote:
ITYF the USD is a universal black-market currency in countries where the economy has gone tits-up, possibly accompanied to a lesser degree by Sterling and Euros or any more local "trusted" foreign currency. I was under the impression that the Euro is beginning to usurp the dollar as currency of choice. Partly because of the state of the dollar value and partly because the Euro has a ?500 note. -- Simon Brighton ex-Westbury, ex-Aberystwyth |
How much was a ticket for the underground in the 60s?
sweller wrote:
Bruce Fletcher (Stronsay, Orkney) wrote: I find it useful (and frightening) to convert from decimal currency back to old-fashioned pounds, shillings and pence; a small bar of chocolate now costs twelve shillings (60p). Surely such conversions have very little use? Unless, of course, you're also converting your modern day wages into shillings. That's exactly what I do from time to time. Bruce |
How much was a ticket for the underground in the 60s?
"Charles Ellson" wrote in message
... On Fri, 20 Jun 2008 22:46:33 +0100, wrote: ITYF the USD is a universal black-market currency in countries where the economy has gone tits-up, possibly accompanied to a lesser degree by Sterling and Euros or any more local "trusted" foreign currency. Euros yes, but I do not think that sterling would be a universal black-market currency. I would also expect that rands would be the hard currency of choice in southern Africa, as a substantial part of the Zimbabwean population is in South Africa. |
How much was a ticket for the underground in the 60s?
"Tim Roll-Pickering" wrote in message
... wrote: If the notes are from Scotland and bear the word sterling then they are legal tender and I believe that retailers have to accept them. I have not had a problem receiving Scottish notes or paying with them, beyond the occasional odd look. I have, however, had problems with Northern Irish notes - even from places that don't give Scottish notes a second glance! Is that because there was that big bank heist aboiut 3 1/2 years ago? I remember seeing signs in pubs months afterwards that Northern Irish notes would not be accepted. |
How much was a ticket for the underground in the 60s?
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500 euro note was How much was a ticket for the underground in the 60s?
On 20/06/2008 at 22:32:47 (%mail)wrote: in
uk.railway " Richard Hunt" wrote in message ... The 500 euro note seems to have been designed for wealthy Germans to transport undeclared cash to and from their Luxembourg bank accounts. Luxembourg or Liechtenstein? Both probably, but I gave seen on German tv reports about mobile /Zoll/ (customs) patrols pulling over vehicles near the Luxembourg border and confiscating large amounts of euros and bearer bonds hidden in cars not registered in the area. Even, in one case, 30,000 euro stashed *inside* the spare tyre. Richard Hunt -- |
How much was a ticket for the underground in the 60s?
When returning from an overseas tour with the RAF in the 1960s it was
quite common to find that the final pay parade prior to returning to the UK resulted in a handful of notes from the British Linen Bank, the Clydesdale Bank and sundry other obscure but perfectly legal outfits. The buffet bar on Swindon station (first port of call after RAF Lyneham) was remarkably knowledgeable in such financial matters. Bruce Similarly, I work in one of the main offices of a bank with head offices in England and Scotland, and the canteen are used to getting Scottish notes from visiting dignitaries who've come down from Glasgow for the day- they just keep them to one side for the bank to clear internally. The opposite effect was noted a couple of years ago on an Inverness-Kings Cross HST south of Newcastle, where (it being a Sunday) the only notes in the float on the catering trolley were Scottish. |
How much was a ticket for the underground in the 60s?
On Sat, 21 Jun 2008 02:23:10 +0100, "Tim Roll-Pickering"
wrote: wrote: If the notes are from Scotland and bear the word sterling then they are legal tender and I believe that retailers have to accept them. I have not had a problem receiving Scottish notes or paying with them, beyond the occasional odd look. I have, however, had problems with Northern Irish notes - even from places that don't give Scottish notes a second glance! Not surprising, since NI notes are much, much rarer in England than Scottish notes. I occasionally see a Scottish note from a customer, but have never yet seen an NI one. |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 22:14:36 +0200, Andrew Price
wrote: Wouldn't it have been easier to pay with a credit card, or even a cheque? This is often a difference between the UK and mainland Europe where credit cards are used a lot less. I can't even imagine a situation, other than perhaps buying a car privately[1], where I might consider dealing with that amount of cash. I'd pay by credit or debit card. [1] Actually, I once paid £7000 odd for a car from a dealership on a debit card. It just felt far too easy - just enter your PIN... (I did have to notify my bank beforehand to prevent it being flagged as suspicious, but other than that it was fine) Neil -- Neil Williams Put my first name before the at to reply. |
How much was a ticket for the underground in the 60s?
On Fri, 20 Jun 2008 23:55:16 +0100, wrote:
If the notes are from Scotland and bear the word sterling then they are legal tender and I believe that retailers have to accept them. They aren't, though for the purposes of retail it's irrelevant whether they are or not, as the concept of legal tender refers only to payment of a debt. A retailer may choose to accept or not accept any method of payment for any reason[1] he or she chooses, as no debt exists because the goods aren't yours until paid for. [1] Other than racism, sexism etc. Neil -- Neil Williams Put my first name before the at to reply. |
How much was a ticket for the underground in the 60s?
In uk.transport.london message ,
Fri, 20 Jun 2008 14:13:03, Peter Campbell Smith posted: To get slightly back to topic, I don't remember any train fares costing odd halfpennies (my monthly child season was 4s 11d which was 1/3 of the adult rate), When I was younger, I (and others) purchased a Third Class Cheap Day Return to travel from Mottisfont to Romsey and back. at a cost of 5½d - tuppence three-farthings each way, it would have been. But BR did not say that, although an outbound train was conveniently imminent, there was no return service at any reasonable hour. I still have the return half, unused. -- (c) John Stockton, nr London, UK. Turnpike v6.05 MIME. Web URL:http://www.merlyn.demon.co.uk/ - FAQish topics, acronyms, & links. Proper = 4-line sig. separator as above, a line exactly "-- " (SonOfRFC1036) Do not Mail News to me. Before a reply, quote with "" or " " (SonOfRFC1036) |
How much was a ticket for the underground in the 60s?
Roland Perry wrote in
: 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. I was in St Omer (northern France) last Saturday, and when buying in the market, they (consistently) priced with a resolution of 1c and totalled the bill precisely, but then only charged me the price rounded down to a 5c multiple. So for example, item A was weighed and labelled as 1.28 euro, item B was labelled at 1.59 euro, the total was 2.87 euro and they gave 15c change from 3 euro. A lot of "Mom and Pop" small food stores in Metro Vancouver have adopted that method as an unofficial way to avoid Canadian pennies. I imagine they would accept 1c and 2c coins, but I didn't try. Peter |
How much was a ticket for the underground in the 60s?
wrote:
"Charles Ellson" wrote in message ... On Thu, 19 Jun 2008 23:42:31 +0100, wrote: "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. 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 Many thanks for that. Wouldn't it be illegal to sell a 100,000-dollar note, however? They are not intended for general circulation and I wonder if the relevant US authorities would have something to say about that. For starters, the US authorities have something to say about any cash transaction larger than USD5,000, due to money laundering (and now "terrorism") laws regardless of the size of the individual bills. USD10,000 and 100,000 bills were only issued to the Federal Reserve Banks as a way to transfer money between themselves (much easier than shipping gold) and were not circulated _at all_. According to the authorities, all were accounted for and all were destroyed except a few that were lent (not given or sold) to museums. It is supposedly impossible for a person to acquire a legitimate one legally, so if such a bill were presented to a bank, the person would be arrested for either counterfeiting or theft. Now, if it turns out that any of those bills _did_ get into circulation and had been hoarded for eight-plus decades without detection, a bank would be required to accept it for deposit (the US never demonetizes old currency or coins), but they could not give it out to another customer for a withdrawal. They would send the bill to their Federal Reserve Bank, which would undoubtedly destroy it immediately. That is exactly what would happen to the remaining USD1000 bills that are out there, but nobody sane would ever present them to a bank because they're worth more as collectibles than as money, just like old silver and gold coins that are now worth many times their face value. This is decidedly different than what happens to (relatively rare) USD2 bills, which banks accept without comment but only give out to customers upon specific request. Banks also hoard USD50 and USD100 bills, but they'll ask if you want them if your withdrawal is large ("Do you want that in hundreds or twenties?"). S Hoard $50's? Hmmm, Canadian bank machines routinely dish out our $50's, though the machines are usually identified and at locations where "regular" $20 dispensers are also available. |
How much was a ticket for the underground in the 60s?
-- Mike D Neil Williams wrote On Fri, 20 Jun 2008 23:55:16 +0100, wrote: If the notes are from Scotland and bear the word sterling then they are legal tender and I believe that retailers have to accept them. They aren't, though for the purposes of retail it's irrelevant whether they are or not, as the concept of legal tender refers only to payment of a debt. A retailer may choose to accept or not accept any method of payment for any reason[1] he or she chooses, as no debt exists because the goods aren't yours until paid for. [1] Other than racism, sexism etc. For an "ordinary" retail transaction, yes. But if you are paying your monthly newspaper bill or the bill in an ordinary restaurant or you are (thinks) at the drycleaners then there is a debt so the legal tender rules apply. http://www.bankofengland.co.uk/bankn...egaltender.htm and indeed for the US http://www.treasury.gov/education/fa...l-tender.shtml The US, unlike the UK, apparently doesn't have a law preventing you legally paying a debt in 1 cent or other tiny coins. -- Mike D |
How much was a ticket for the underground in the 60s?
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How much was a ticket for the underground in the 60s?
Andrew Price wrote:
On Sat, 21 Jun 2008 09:14:15 GMT, (Neil Williams) wrote: Wouldn't it have been easier to pay with a credit card, or even a cheque? This is often a difference between the UK and mainland Europe where credit cards are used a lot less. Perhaps, although I'd definitely exclude France from your "mainland Europe" definition, as Visa cards and cheques are very widely used there. In France, most cards are debit cards, and it's true that credit cards are used less than in the UK. The question to Rian (who anyway is in Belgium) should be "Wouldn't it have been easier to pay with a debit card?" (rather than withdrawing unusual amounts of cash from his bank). -- Richard J. (to email me, swap 'uk' and 'yon' in address) |
How much was a ticket for the underground in the 60s?
On Sat, 21 Jun 2008 07:36:27 +0100, wrote:
"Charles Ellson" wrote in message .. . On Fri, 20 Jun 2008 22:46:33 +0100, wrote: ITYF the USD is a universal black-market currency in countries where the economy has gone tits-up, possibly accompanied to a lesser degree by Sterling and Euros or any more local "trusted" foreign currency. Euros yes, but I do not think that sterling would be a universal black-market currency. I did say "lesser degree". My late mother worked for a subsidiary of censored in the 1960s/1970s and was aware of dodgy goings-on in the Middle East where the "agency fee" for some government officials and company agents took the form of payment in IIRC "gold pounds" which was presumably a reference to payment in sovereigns. I would not be surprised if there had been a double fiddle of the coins being accounted for at face value to diminish the apparent size of the alleged "fees". I would also expect that rands would be the hard currency of choice in southern Africa, as a substantial part of the Zimbabwean population is in South Africa. |
How much was a ticket for the underground in the 60s?
Nobody wrote:
This is decidedly different than what happens to (relatively rare) USD2 bills, which banks accept without comment but only give out to customers upon specific request. Banks also hoard USD50 and USD100 bills, but they'll ask if you want them if your withdrawal is large ("Do you want that in hundreds or twenties?"). Hoard $50's? Yes, same reason as $100 bills: retailers won't take them, so most customers don't want them. It makes little sense since the same retailers will happily take a thick stack of $20s, which can be just as easily counterfeited, but that's how it is. Another knock against the $50 bill is people don't see them often, since they're relatively useless (people either have $100s or $20s), so they're not comfortable with them. If people can't figure out if a somewhat more common $100 bill is fake, they'll never be able to figure it out for a less common $50 bill... $2 bills have a worse problem, incidentally. Many people have never seen one in their entire lives -- or even know they exist -- and they look different than all the other bills. Many clerks won't take them without checking with a manager; if the manager hasn't seen one before (which is fairly rare -- they _are_ still in circulation), they may refuse to accept it even though the potential loss from a counterfeit is negligible. Hmmm, Canadian bank machines routinely dish out our $50's, though the machines are usually identified and at locations where "regular" $20 dispensers are also available. US ATMs generally only dispense $20 bills; it makes them simpler and requires less refilling if there's only one bill type. There are still a few that give out $5 and $10 bills as well, though they're rare. Ones in casinos will give you $100 bills, since they accept them at the tables and that's where they want you spending your money. I've never seen a US ATM dispense $50 bills. S |
How much was a ticket for the underground in the 60s?
On Sat, 21 Jun 2008 23:11:30 -0500, Stephen Sprunk
wrote: Nobody wrote: This is decidedly different than what happens to (relatively rare) USD2 bills, which banks accept without comment but only give out to customers upon specific request. Banks also hoard USD50 and USD100 bills, but they'll ask if you want them if your withdrawal is large ("Do you want that in hundreds or twenties?"). Hoard $50's? Yes, same reason as $100 bills: retailers won't take them, so most customers don't want them. It makes little sense since the same retailers will happily take a thick stack of $20s, which can be just as easily counterfeited, but that's how it is. Another knock against the $50 bill is people don't see them often, since they're relatively useless (people either have $100s or $20s), so they're not comfortable with them. If people can't figure out if a somewhat more common $100 bill is fake, they'll never be able to figure it out for a less common $50 bill... $2 bills have a worse problem, incidentally. Many people have never seen one in their entire lives -- or even know they exist -- and they look different than all the other bills. Many clerks won't take them without checking with a manager; if the manager hasn't seen one before (which is fairly rare -- they _are_ still in circulation), they may refuse to accept it even though the potential loss from a counterfeit is negligible. Hmmm, Canadian bank machines routinely dish out our $50's, though the machines are usually identified and at locations where "regular" $20 dispensers are also available. US ATMs generally only dispense $20 bills; it makes them simpler and requires less refilling if there's only one bill type. There are still a few that give out $5 and $10 bills as well, though they're rare. Ones in casinos will give you $100 bills, since they accept them at the tables and that's where they want you spending your money. I've never seen a US ATM dispense $50 bills. Aren't US banknotes also all the same size thus making it easier to accidentally sandwich a high value note in amongst low value notes ? |
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