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China Practice Banknote? A What?!

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Valued Member

United States
354 Posts
 Posted 11/08/2011  11:46 pm Show Profile Bookmark this topic Add mmerc20 to your friends list Get a Link to this Message

What is this thing supposed to be? I have seen a few of these "China Practice Banknotes" floating on eBay lately.

http://www.ebay.com/itm/20-USD-CHIN...220888549548

Mike

Pillar of the Community
Australia
2760 Posts
 Posted 11/09/2011  07:10 am  Show Profile Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
it's what the listing says:
"This note is used by the Bank of China for practice training. THIS NOTE IS NOT LEGAL TENDER."

Australia had them when we re-monetized in 1966.

I guess if someone were to start out tomorrow at a bank, at the level of trainee cashier/teller, you might discover that something similar exists now.

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Australia
11141 Posts
 Posted 11/09/2011  08:33 am  Show Profile Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Yep. It's "training money", used by banks in China to teach new staff how to handle large amounts of money without giving out bundles of actual cash for them to practise with, which the bank would later have to retrieve.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
Canada
1166 Posts
 Posted 11/09/2011  10:18 am  Show Profile Bookmark this reply Add ikandiggit to your friends list Get a Link to this Reply
My friend's father is a banker in China. When he came to visit Canada he brought me this catalog of World Money
that the tellers use as reference to compare coins and currency that is deposited.





Valued Member
United States
354 Posts
 Posted 11/10/2011  10:17 pm  Show Profile Bookmark this reply Add mmerc20 to your friends list Get a Link to this Reply
Ahhh ok. I thought it was some sort of printing training or something. That totally makes sense now. Thanks a lot.

Mike
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