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Bribery fallout sinks £5-note deal

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Pillar of the Community
Australia
2823 Posts
 Posted 07/27/2011  1:58 pm Show Profile Bookmark this topic Add Peter THOMAS to your friends list Get a Link to this Message

"THE Bank of England has cancelled a secret plan to print the £5 banknote on polymer material supplied by a Reserve Bank of Australia subsidiary as the fallout spreads from the international bribery scandal engulfing the company. ..."

more: http://www.theage.com.au/national/b...xzz1TKVCkVjo

Pillar of the Community
United Kingdom
555 Posts
 Posted 07/27/2011  4:13 pm  Show Profile Bookmark this reply Add valdiman to your friends list Get a Link to this Reply
Id love to have polymer in my pocket.Fivers are very poor quality and falling apart in wallet.
Pillar of the Community
Australia
9034 Posts
 Posted 07/28/2011  08:53 am  Show Profile Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I am starting to smell something slightly more fishy than the obvious bribery scandal.

Perhaps the scandal was deliberately done so that due diligence shows that it would be unwise to buy Securency. Perhaps that is the plot (now successful) to prevent Securency from being sold by NPA. Securency is a nice big fat money earner for Note Printing Australia. Ultimately, all Australians are the beneficiaries, through the Reserve Bank of Australia, which owns Note Printing Australia.

That would be like allowing the Goose that laid the Golden Egg from being stolen.

However, there is one little nasty factor which still bothers me: I am afraid the that Securency may now be seen as worth little value, and sold off for next to nothing. That would anger me intensely.

It may well worth some big fat executive loosing his job. He could be recompensed later.
Edited by sel_69l
07/28/2011 08:59 am
Pillar of the Community
Canada
3258 Posts
 Posted 07/28/2011  11:35 am  Show Profile Check Libertad's eCrater Listings Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Sounds like the paper men don't like this new plastic endeavor.
Selling paper money: http://gtacoins.ecrater.com
Want to Buy or Trade: Nuevos Pesos Méxicanos (UNC): P95, P96, P97, P98, P99, P105a and P105b.
Nickel, not Nickle :)
Pillar of the Community
Australia
2823 Posts
 Posted 07/28/2011  2:48 pm  Show Profile Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
Sel, the way our present Government thinks, every golden goose would be slaughtered as soon as they are identified.

Pillar of the Community
United Kingdom
1998 Posts
 Posted 08/06/2011  10:21 am  Show Profile Check Bacchus2's eBay Listings Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
There has only been one polymer £5 issued in the UK so far.
Pillar of the Community
United States
1064 Posts
 Posted 08/06/2011  11:35 am  Show Profile Bookmark this reply Add JackB to your friends list Get a Link to this Reply
Gotta be high stakes when it's worth paying a $20 million dollar bribe! Seems like another story where greed completely blinds these folks, where the casual observer would say "What were you thinking?". Answer usually turns out to be "I wasn't".
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