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Brexit
(17-09-2021, 10:46 PM)Parsifal Wrote:
(17-09-2021, 07:47 PM)Kev Wrote:
Quote: demonitized

Huh?

I don't know how far back US banknotes are still legal tender, but I do know that US postage stamps issued since the Civil War are still valid for postage at face value.  Of course, you'd be stupid (very stupid!) to use mint 19th Century US postage stamps at face value on a letter today.  (Do people still write letters?)
Yes, at the onset of the Civil War (1860) new postage stamps were issued in 1861-62 and all prior stamps were "demonitized" to prevent their use by the Confederacy.
The US still has $500, $1000, $5000 and $10,000 banknotes in circulation which are still valid at face value.  They haven't been issued since the 1930s or 1940s or so and banks return them to the Federal Reserve Bank whenever one shows up.  You can get a LOT more than face value at coin and banknote auctions.

(17-09-2021, 07:59 PM)jumbler Wrote: You can’t spend them any more. Usually when a new coin size, or shape or currency set is issued. Some countries never demonetise their old notes (Australia and New Zealand).

Even our old ones can be changed at the Bank of England.

One year I arrived in London on a weekend with a wad of £20 notes.  The first merchant where I tried to use one told me that they were no longer valid.  It was a weekend, all banks closed.  So I found a foreign exchange booth in Euston Station who exchanged them for me lopping 50p off each note for the service.  Had a similar experience with a 50p coin once.  Annoying. Sad   Why does Bank of England do that?

It's been a while since I've been to the UK and I still have £70 in banknotes here and don't know if they're still valid (the £20 note has Adam Smith on the reverse).  I tried to scan them to throw up a photo for you, but it wouldn't let me scan them.  haha!! There must be a code that prevents that.

My euro notes will be good forever I'm sure.
(had to say something remotely relevant to Brexit on here)


The last bunch of note removals is because we have changed to plastic notes now.  So if the notes you have are paper... they're obsolete.

They did used to change them every 10-15 years though. I think it was to improve the security on them and so we can all have a national argument about who to put on the back.
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(17-09-2021, 10:55 PM)ladsnet Wrote: The last bunch of note removals is because we have changed to plastic notes now.  So if the notes you have are paper... they're obsolete.

Sad

I guess I'll have to exchange $ notes at the airport at a ripoff rate.
I do use credit cards a lot though.
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That seems like it should be illegal to tell someone they can't exchange an old currency for a modern form of the same currency. You're basically telling someone they are stuck with worthless money now and they had no idea that would happen, especially if it's an American. As I understand it, American money, the bills anyway, have certain amounts of time they are supposed to be used, which goes up the more value they have on their face, unless they are damaged beyond a certain point. In that case, they are immediately destroyed and replaced instead of waiting the regular time span. Of course, this process only happens when a bill gets to a bank or other financial institution with the responsibility to turn it over for burning to be replaced, as I understand it. I can't believe the UK would really ever go back to the imperial measurement system after all this time. Parsifal is right about the Civil War money. They were called "Demand Bills" back then and the oldest ones you can still technically spend were made in 1861 and 1862, but you'll get some really strange looks when you try, most likely, as most people have never seen basically what amounts to antique money anymore.
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Old demonitized currency in most countries is not worthless.  You can exchange it at any bank or the central bank that issues the notes (Bank of England in the UK).
When the euro was introduced citizens had until a certain date to change their national currency into euros.  I don't know if people in Germany can still exchange their DMs or people in France their FFs.  Even if not you can probably sell them at a profit on eBay now.  haha!!

The US had no central bank until 1913 or 1911 or thereabouts when the Federal Reserve Bank was established.  Before then various national banks issued currency.  Don't know much about it, don't know how it worked.  If you have one of those old national bank banknotes it's probably worthless as legal tender, but hell, sell it at auction and get a LOT more.  In my post I was talking about US postage stamps, not currency.
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(18-09-2021, 05:23 AM)Parsifal Wrote: I don't know if people in Germany can still exchange their DMs or people in France their FFs. 

They can:
Quote:You can exchange unlimited amounts of Deutsche Mark banknotes and coins indefinitely and free of charge at all Bundesbank branches (information about the branches can be found at the link below).

We accept the following banknotes and coins for exchange:

banknotes issued by the Bank deutscher Länder (BdL);
banknotes issued by the Bundesbank;
Federal coins denominated in Deutsche Mark or Pfennig

In the Netherlands, banknotes in guilders can still be exchanged until 2032. Coins can no longer be exchanged.
minimalist sig
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Can you exchange clogs ?
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(18-09-2021, 08:34 AM)Tiuri Wrote:
Quote:You can exchange unlimited amounts of Deutsche Mark banknotes and coins indefinitely and free of charge at all Bundesbank branches (information about the branches can be found at the link below).

We accept the following banknotes and coins for exchange:

banknotes issued by the Bank deutscher Länder (BdL);
banknotes issued by the Bundesbank;
Federal coins denominated in Deutsche Mark or Pfennig

So they won't take back old Prussian talers?

A few years ago I read that there are still quite a lot of DMs in circulation.  Apparently a lot of Germans are holding on to them hoping for a return to their trusted DM.  (It didn't say anything about Italians holding on to their lira)
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(18-09-2021, 04:42 AM)Jwb52z Wrote: That seems like it should be illegal to tell someone they can't exchange an old currency for a modern form of the same currency.  You're basically telling someone they are stuck with worthless money now and they had no idea that would happen, especially if it's an American.  As I understand it, American money, the bills anyway, have certain amounts of time they are supposed to be used, which goes up the more value they have on their face, unless they are damaged beyond a certain point.  In that case, they are immediately destroyed and replaced instead of waiting the regular time span.  Of course, this process only happens when a bill gets to a bank or other financial institution with the responsibility to turn it over for burning to be replaced, as I understand it.  I can't believe the UK would really ever go back to the imperial measurement system after all this time.  Parsifal is right about the Civil War money.  They were called "Demand Bills" back then and the oldest ones you can still technically spend were made in 1861 and 1862, but you'll get some really strange looks when you try, most likely, as most people have never seen basically what amounts to antique money anymore.

Nobody is suggesting that the UK will force people to use imperial measurements, merely that it will no longer be an offence to do so. The swivel eyed euroloons are yet again losing their shit over nothing.
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Sigh.
It has never been an offence to use imperial measurements. But don't let the actual law get in the way of gammon whipping the populous into a fury.


The Law.
Quote:You can display an imperial measurement alongside the metric measurement but it cannot stand out more than the metric measurement.
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This law sounds a lot like the way it's illegal in, I think, France to have signs displayed in a language other than French.
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(22-09-2021, 02:14 AM)Jwb52z Wrote: This law sounds a lot like the way it's illegal in, I think, France to have signs displayed in a language other than French.

You're probably thinking of Quebec (Canada) where all signs must be in French and when bilingual with English the French version must be the more prominent with the English subordinate.
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Or Wales where Welsh comes first on signs.
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Strange how all the people on my Facebook feed who are kicking off about the fuel queues are all the same people who thought Brexit was a great idea.
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Quote:'Crazy': Britain puts army on standby as panic buying leaves gas pumps dry
Drivers expressed frustration on Tuesday as they hunted for hours or sat snarled in lines to fill their tanks in the U.K.
Fights break out at fuel stations

This sounds a lot like an article I read recently about long lines at gas stations in the collapsed economy in Lebanon.
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(28-09-2021, 03:04 PM)Parsifal Wrote:
Quote:'Crazy': Britain puts army on standby as panic buying leaves gas pumps dry
Drivers expressed frustration on Tuesday as they hunted for hours or sat snarled in lines to fill their tanks in the U.K.
Fights break out at fuel stations

This sounds a lot like an article I read recently about long lines at gas stations in the collapsed economy in Lebanon.

This guy though.
Absolutely no beating about the bush here ...
https://mobile.twitter.com/jonoread/stat...2099961856
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