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New £50 Banknote with Alan Turing
#21
(15-12-2021, 07:18 AM)pinkpunk Wrote: I know that the UK was highly critical of the €500 note and Wikipedia says

“The note is being phased out due to concerns of widespread use for illegal purposes. Most printing of new €500 notes ceased in 2019, although existing notes will remain legal tender until further notice … The Serious Organised Crime Agency claimed that "90% of all €500 notes sold in the UK are in the hands of organised crime", revealed during an eight-month analysis.”

Should be easy enough to flush them out.  Just demonitize the €500 notes and exchange them for lower denomination ones (currently the €200 note is the largest).  Then arrest them when they bring the bundles into the bank.  LOL
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#22
(15-12-2021, 02:51 PM)Bangle1 Wrote:
(15-12-2021, 03:15 AM)Parsifal Wrote: The £50 note is attractive.  Nice color.

I believe that's what they refer to as the 'pink pound'.

Wrong, the pink pound refers to the spending power of the lgbt
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#23
(15-12-2021, 05:40 PM)RyCamp88 Wrote:
(15-12-2021, 02:51 PM)Bangle1 Wrote:
(15-12-2021, 03:15 AM)Parsifal Wrote: The £50 note is attractive.  Nice color.

I believe that's what they refer to as the 'pink pound'.

Wrong, the pink pound refers to the spending power of the lgbt

Yes, I know. It was meant in jest, clearly it wasn't very good.
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#24
(15-12-2021, 12:14 AM)Parsifal Wrote:
(15-12-2021, 12:07 AM)Jwb52z Wrote: It would boggle the minds of the vast majority of Americans to think of not using cash anymore.

I believe the French love their banknotes (preferably in francs).
I haven't been to Germany since before the pandemic.  They too love cash (and want their DM back).  I use credit cards for everything (even for just a cup of coffee), but found it hard to use them at restaurants in Germany where debit cards dominate.  (I don't have a debit card, only credit cards that get me frequent flyer miles. Big Grin )

Not a big fan of the Euro, eh?
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#25
(19-12-2021, 10:00 AM)Kev Wrote:
(15-12-2021, 12:14 AM)Parsifal Wrote:
(15-12-2021, 12:07 AM)Jwb52z Wrote: It would boggle the minds of the vast majority of Americans to think of not using cash anymore.

I believe the French love their banknotes (preferably in francs).
I haven't been to Germany since before the pandemic.  They too love cash (and want their DM back).  I use credit cards for everything (even for just a cup of coffee), but found it hard to use them at restaurants in Germany where debit cards dominate.  (I don't have a debit card, only credit cards that get me frequent flyer miles. Big Grin )

Not a big fan of the Euro, eh?

I'm fine with the euro.  The banknotes are ugly, but I always have a wad of them in my pocket when traveling in the Eurozone.  Needed them in restaurants in Germany since the regular ones didn't accept credit cards, only debit cards and cash.  Maybe Tiuri can update us on the utility of credit cards in Germany.  I plan to travel there again as soon as this pandemic normalizes (if ever).
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#26
It depends on 'which' credit cards if its anything like the UK.

Visa and Mastercard are accepted everywhere.
Amex not so much so.
Any others (are there any), no chance.
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#27
Google is kind of a mixed bag on this question. Some web sites say you can use the Amex at "90% of places" while other web sites say it's not popular because businesses don't want to pay the fees to allow it at their stores.
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#28
(20-12-2021, 12:02 AM)ladsnet Wrote: It depends on 'which' credit cards if its anything like the UK.

Visa and Mastercard are accepted everywhere.
Amex not so much so.
Any others (are there any), no chance.

Can I use my Bank of Zimbabwe credit card in the UK?
(If not then I have another one from the Nigerian Credit Union)
[+] 1 user Likes Parsifal's post
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#29
(15-12-2021, 12:08 AM)Parsifal Wrote:
(14-12-2021, 11:39 PM)ladsnet Wrote: As for £50 notes. They're just for criminals aren't they ? Nobody else uses em.

The United States actually has banknotes in $500, $1,000, $5,000 and $10,000 denominations which were last printed in 1945 and discontinued in 1969, making the $100 bill the largest denomination banknote in circulation.  They were initially introduced to facilitate large cash transactions between banks, but were discontinued because, as ladsnet said, nobody else was using them by then except criminals (drug trade, money laundering, etc.)
Those higher denominations are still legal tender; you can use them.  But you'd be stupid to do so.  They have collector's value.  I saw one $1,000 banknote for sale for $5,000.

The biggest note issued by the BoE is actually for £100 million  Huh It’s not in general circulation for obvious reasons and is issued to underwrite banknotes issued by Scottish and NI banks.

[Image: HYTfsMb.jpg]
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#30
It looks like that one has a serial number 000041.
How many were issued?
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#31
41
[+] 1 user Likes ladsnet's post
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#32
Yeah at least 41  Big Grin

All I can find is the BoE have issued over 4,000 notes worth either £1m or £100m - I’d assume the vast majority are for £1m.
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#33
(14-12-2021, 11:39 PM)ladsnet Wrote: As for £50 notes. They're just for criminals aren't they ? Nobody else uses em.

You're in good company.
In an article by Paul Krugman (Nobel Laureate in economics) he wrote:
"There's about $1.6 trillion worth of $100 bills in circulation - 80 percent of all U.S. currency - even though large-denomination bills are very hard for ordinary consumers to spend.  What do you think people are doing with all those Benjamins?"

That's why the United States discontinued banknotes in $500, $1,000, $5,000 and $10,000 denominations in 1969, making the $100 bill the largest denomination banknote in circulation. You just need more suitcases now for the $100s.
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