Discussion in 'Banknotes' started by mmm....shiney!, Sep 27, 2012.
Gallery of new designs
wow $500 bill, that was quick
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.
Where? That was the first thing I checked for.
This is front page news on The Australian print paper.
lol sorry... jks
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.
Funny how this story breaks on the back of three anti-cash stories in MSM.
Remember this quote?
Hello new money.
Better buy a new cash counter for the office - I see a spending rush coming.
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
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!
I hope i could find a rare serial number for this new notes .
It says it will take a few years until they come out.
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.
^^^^ can you expand on this concept. I don't get how every transaction can be tracked with hard cash.
Sure check out
for some more info on the new 'anti-forgery'ystems
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?
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]
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.
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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