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  #1 (permalink)  
Old 4th February 2008, 04:32 AM
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Looks like monopoly money, but yeah, it's real.



Using banana money to buy bananas?
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Old 4th February 2008, 04:48 AM
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Re: Looks like monopoly money, but yeah, it's real.

The U.S. may have to bring back the $1000 bill pretty soon.
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Old 4th February 2008, 05:00 AM
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Re: Looks like monopoly money, but yeah, it's real.

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Originally Posted by zenmarketing
The U.S. may have to bring back the $1000 bill pretty soon.

$100 is still more purchasing power than 100RMB, which really is a joke.
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Old 4th February 2008, 05:27 AM
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Re: Looks like monopoly money, but yeah, it's real.

Wasn't there a 500 or 1000 RMB note in the past? They should bring that back. I remember paying my rent in China and having to count out stacks of 100 RMB notes - it really is ridiculous.

I know Hong Kong has the 1000 HKD, which is probably one of the strongest single bills of currency around.

There's also a 500 EUR note, if I recall? They may have discontinued it.
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Old 4th February 2008, 05:37 AM
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Re: Looks like monopoly money, but yeah, it's real.

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Originally Posted by zenmarketing
I remember paying my rent in China and having to count out stacks of 100 RMB notes - it really is ridiculous.

You can buy one of those counterfeit checker which counts money also.
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Old 4th February 2008, 05:47 AM
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Re: Looks like monopoly money, but yeah, it's real.

As payment systems become more sophisticated the need for large denominations diminishes.

Tesco have just killed off the Check in the UK. The Check as a payment system is virtually dead!
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Old 4th February 2008, 05:54 AM
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Re: Looks like monopoly money, but yeah, it's real.

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Originally Posted by Rubber Duck
Tesco have just killed off the Check in the UK. The Check as a payment system is virtually dead!
Tell that to the countless companies in the U.S. that still require them
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Old 4th February 2008, 05:56 AM
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Re: Looks like monopoly money, but yeah, it's real.

Yes, but there maybe a revival of paper currency, especially with the impending financial crisis. Banana notes on hand is still better than a banana bank account or credit note!

btw, the following might apply to some of you here - http://www.bloomberg.com/apps/news?p...yo&refer=home#


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``Events move much faster than anyone expects,'' he says, ``and the barbarians are on top of you before you can escape.''
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Old 4th February 2008, 06:00 AM
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Re: Looks like monopoly money, but yeah, it's real.

Quote:
Originally Posted by zenmarketing
Tell that to the countless companies in the U.S. that still require them
Well development takes time. You cannot expect all countries to arrive in the 21st century on the same day. E-Commerce in the UK is as big as the US. No, not per capita. It is as big!
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Old 4th February 2008, 06:05 AM
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Re: Looks like monopoly money, but yeah, it's real.

Singapore has $100 , $500 (Think they a phasing this out?) $1000 and $10,000 notes .. So not a problem to carry a couple hundred k ... in your wallet!
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Old 4th February 2008, 11:13 AM
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Re: Looks like monopoly money, but yeah, it's real.

Remember traveling in Laos in 1999, their largest note was 5000 kip which was nearly (not quite) equal to 50 cents US. Used to go into the bank with a 100USD travelers cheque and come out with a plastic bag of notes.

Think China definitely needs 1000 Yuan notes, largest note of 14 USD when cash is the main form used, and most products in China are getting more expensive than in the US.
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