RBA orders new Aust bank notes designs

Discussion in 'Banknotes' started by mmm....shiney!, Sep 27, 2012.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    http://www.skynews.com.au/finance/article.aspx?id=799627
     
  2. steve.rsa

    steve.rsa Member Silver Stacker

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  3. thatguy

    thatguy Active Member

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    wow $500 bill, that was quick
     
  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    It's not the design that stops counterfeits getting into circulation. It's simply most shopkeepers are in a hurry and don't check notes.
     
  5. goldpelican

    goldpelican Administrator Staff Member

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    Where? That was the first thing I checked for.

    This is front page news on The Australian print paper.
     
  6. thatguy

    thatguy Active Member

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    lol sorry... jks :D :p
     
  7. tozak

    tozak Well-Known Member Silver Stacker

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    100% Guarantee that when the new notes are out so are the 5c 10c and 20c pieces, since they cost more to produce than the face value when Copper and Nickel are trading high. I think they will scrap the 5c and either reduce the size of the 10c and 20c or change them to Stainless Steel. At least that's what almost every other country has already done due to the ever expanding money supply.
     
  8. goldpelican

    goldpelican Administrator Staff Member

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    Funny how this story breaks on the back of three anti-cash stories in MSM.

    http://forums.silverstackers.com/topic-31328-australian-wallets-stuffed-with-cash.html
    http://forums.silverstackers.com/topic-31373-how-retirees-rort-the-pension.html
    http://forums.silverstackers.com/topic-31451-young-people-ripped-off-by-cash-in-hand-work.html

    Remember this quote?

    Hello new money.

    Better buy a new cash counter for the office - I see a spending rush coming.
     
  9. tozak

    tozak Well-Known Member Silver Stacker

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    Dunno if we should all cheer for a $500, don't know how much cheering there was when the 100 Trillion note came out in Zimbabwe
     
  10. 1for1

    1for1 Well-Known Member

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    OK Nice.. so these are legit? Any idea when they will phase them in??? Damn and i just cashed in 100 UNC $5 notes id been pulling out of Auto-check-outs from Coles/Woolies the past two years!

    1for1
     
  11. R1dh0

    R1dh0 New Member

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    I hope i could find a rare serial number for this new notes :).
     
  12. Ernster

    Ernster New Member

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    It says it will take a few years until they come out.
     
  13. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    An American company has devised tiny UV activated QR codes to be added onto bank notes and Saudi Arabia is looking into RFID so that every transaction can be recorded. To stop counterfeiters of course.

    I think I will hold on to my junk silver after all.
     
  14. metalzzz

    metalzzz Well-Known Member

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    ^^^^ can you expand on this concept. I don't get how every transaction can be tracked with hard cash.
     
  15. Jislizard

    Jislizard Well-Known Member Silver Stacker

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  16. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    i thought forgery was to do with creating a false currency note?

    so they can detect a note is not real. but how can they trace who has had it and when?
     
  17. metalzzz

    metalzzz Well-Known Member

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    Steven Cherry: And so it could also help a government go after the so-called "gray economy," like waiters and cab drivers and everybody else who works mainly in cash and might be underreporting their income.

    Husam Alshareef: It could, but that was not our intention. [laughs]
     
  18. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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  19. metalzzz

    metalzzz Well-Known Member

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    people who dodge the tax system will always find alternatives I think. Not that i agree with doing this but a new barter grey economy would probably rise up if new cash like this was put in place.
     
  20. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    If a "Ron Paul" was president/prime minister I believe the overwhelming majority of citizens would support the tax system cos' then it would be a fair one, and therefore a legitimate one.

    While socialists are controlling the tax system it will remain an unfair one and therefore minimising tax would be a legitimate passtime in the eyes of any reasonable person.
     

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