They take their fiat seriously in UK

Discussion in 'Currencies' started by JulieW, May 16, 2012.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://www.guardian.co.uk/money/shortcuts/2012/may/15/what-can-you-buy-just-with-1p-and-2p


    Not the disproportionate fine.
     
  2. Dogmatix

    Dogmatix Active Member

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    It's the same in Australia, I'm just not sure if you get fined for it, pretty sure recipient doesn't have to accept
     
  3. Ghost

    Ghost Member Silver Stacker

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    What a load of horse-turtle...
     
  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Great! Now he has to go back to the bank to get 2x 1p, 12x 5p, 50x 20p, 20x 50p and 1098x 1 coins.
     
  5. Dogmatix

    Dogmatix Active Member

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    In Australia:

    http://www.rba.gov.au/banknotes/legal-framework/legal-tender.html

    (or here: http://www.comlaw.gov.au/Details/C2007C00565/Html/Text#param19)

    "According to the Reserve Bank Act 1959, Australian banknotes are legal tender. According to the Currency Act 1965, coins are legal tender for payment of amounts which are limited as follows:

    - not exceeding 20c if 1c and/or 2c coins are offered (however, it should be noted that these coins have been withdrawn from circulation but are still legal tender);
    - not exceeding $5 if any of 5c, 10c, 20c and 50c coins are offered;
    - not exceeding 10 times the face value if coins in the range 50c to $10 inclusive are offered; and
    - to any value if coins of value greater than $10 are offered."


    ...

    On this topic, I have noticed that certain coin-operated parking meters only accept a certain number of total coins, regardless of what they are. Personally I think such operations are against the banking act above. It was just an observation i made a few years back, I didn't take them to court ;)
     

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