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 Replies: 224 / Views: 28,922 |
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Valued Member
United States
411 Posts |
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Pillar of the Community
United States
1667 Posts |
I went to a bank yesterday looking for rolled coins. I was told "we don't do that at this branch, we only have ATMS and associates for opening accounts and loans".
So banks are even hearing this way.
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Bedrock of the Community
 United States
12837 Posts |
That sure cuts down on the possibility of being robbed.
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Moderator
 United States
188560 Posts |
The upside.  |
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Valued Member
United States
411 Posts |
Circulating banknotes and coins per inhabitant in 1991 converted to USD $2,892 Switzerland $2,789 Japan $1,587 Sweden$1,432 Netherlands $1,411 Germany $1,331 Belgium $1,168 Italy $1,070 United States $863 France $646 Canada $509 United Kingdom At this time Sweden had a 10,000kr banknote worth almost $2000. The next year they had a severe banking crisis. The United Kingdom had demonetized all banknotes except the £1 and £5 during WWII because of fear of Naxi counterfeiting operations. In WWII the £5~$20. UK was slow to introduce higher denomination banknotes with the £50 only re-introduced in 1981. http://www.cashrepository.com/wp-co...e-Report.pdfINTRODUCTION BY CURRENCY RESEARCH Currency Research (CR), the World's Resource for Currency Knowledge, is proud to present the English translation of Björn Eriksson's informative and revealing 2014 white paper, Korten på bordet (Cards on the Table), originally published in Swedish. Eriksson's paper has drawn much-needed attention to this issue in his home country and CR appreciates this opportunity to bring his compelling arguments to the broader international community. In light of recent events in Sweden, this translation could not have come at a more opportune time. With a widespread shift to digital payments and rapidly disappearing cash services in banks across the country, Sweden is often held up as a model for the move towards the cash-free society. The international media has picked up on this economic experiment and has uncritically disseminated the details of Sweden's move to cashlessness as a success story in cutting costs and reducing crime. The reality, however, is far less utopian. Edited by PacoMartin
04/16/2019 1:14 pm
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Valued Member
United States
411 Posts |
The banknotes and coins in circulation per inhabitant for each country over a 40 year period
1978
$2,008 Switzerland
$1,229 Belgium
$772 Sweden
$724 Japan
$680 Germany
$679 Netherlands
$605 France
$428 United States
$394 Italy
$326 United Kingdom
$320 Canada
1991
$2,892 Switzerland
$2,789 Japan
$1,587 Sweden
$1,432 Netherlands
$1,411 Germany
$1,331 Belgium
$1,168 Italy
$1,070 United States
$863 France
$646 Canada
$509 United Kingdom
2017
$10,280 Switzerland
$7,948 Hong Kong
$7,818 Japan
$6,106 Singapore
$4,960 United States
$4,227 Euro area
$2,606 Australia
$2,021 Canada
$1,966 Korea
$1,663 Saudi Arabia
$1,429 United Kingdom (2016)
$1,123 Russia
$944 Argentina
$852 China
$698 Sweden
$631 Mexico
$437 Turkey
$365 Brazil
$227 South Africa
$218 India
$196 Indonesia
Switzerland remains on top as the most cash intense country on the planet. Sweden traditionally was very high until it plunged in recent years.
Although the USA went off the gold standard in 1971 it wasn't until its huge trade deficits in the 1990s,which partly which it pays for in currency it prints.
Britain has always been relatively cash averse at least by European standards.
Edited by PacoMartin
04/19/2019 11:29 pm
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Pillar of the Community
Netherlands
626 Posts |
The Netherlands has been on the fore front since the early 90's with digital- and internetbanking. It does has it's pro's, but it's cons are they force you in many ways that you require it for important exchanges (health care, mostly government organisations etc). I use it daily but I love my cash obviously so I go to the atm several times a week..
Now since 3/5 years or so and especially in 2019 the attack with explosives on ATM machines by criminals skyrocketed!!
Often foreign semi-immigrant gangs that terrorize our country with over 70 explosive attacks this year alone...
The police say its too difficult to catch the criminals who do this.. Solution, the banks close ALL the ATM's in our country (which are a lot for our small presence) between 11pm and 07am huh !?! This is ludacrous and another sign that we are going slowly but surely towards some kind of cashless society. When its up to the elite and those who are in power, the sooner the better. But complete cash-free won't be allowed by the people :P
Edited by Kingz
12/22/2019 4:56 pm
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Pillar of the Community
United States
4333 Posts |
Quote:
That sure cuts down on the possibility of being robbed. You could say that we are being robbed each and every day, whether we realize it or not. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
United States
188560 Posts |
I guess that depends on to what you assign value. Not all of it is purely monetary.
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Rest in Peace
United States
233 Posts |
' From Saturday's New York Times: Quote:
China's banks scramble to disinfect cash.
The central banking authorities of China are disinfecting, stashing and reportedly even destroying cash in an effort to stop the spread of the coronavirus.
Fan Yifei, deputy governor of the People's Bank of China, said at a news conference on Saturday that the cash collected by commercial banks must be disinfected before being released back to customers.
Cash collected from hospitals and food markets must be handled separately and disinfected before depositing the notes to the People's Bank of China, Mr. Fan said. In severely hit regions, the collected cash must undergo ultraviolet or high-temperature disinfection and be stored for 14 days before going back to the market, he added. In less impacted areas, the bank notes must be disinfected and stored for a week before use.
A People's Bank of China branch in the southern city of Guangzhou is even destroying bank notes that came from hospitals, food markets and public transportation, according to a report by Nanfang, a state-owned outlet in Guangdong province.
Many people in major Chinese cities primarily use their smartphones to pay for just about anything, increasingly rendering cash obsolete. But hundreds of millions of people in the country are not connected to the internet, and some older residents still prefer cash. Cheers, /s/ ikeyPikey |
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Moderator
United States
188560 Posts |
Oh my!  |
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Valued Member
United States
85 Posts |
I hate credit cards and apple pay. Cash is better, no debt, no bad card reads, and cash is different with every note and coin having a story to tell and not boring and story less like credit cards. I will always use cash, I only use my debit card to simply get more. Credit cards belong in the recycling bin!
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Pillar of the Community
Germany
992 Posts |
Desperate attempt by a communist government to look like it's still in control of the situation...
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Rest in Peace
United States
233 Posts |
Their neighbors to the east have been washing & ironing & sterilizing the cash that passes thru their ATMs since, like, their first ATM.
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Bedrock of the Community
United States
19159 Posts |
Following the collapse of 'civilization' as we know it, it'll be back to chickens, pigs, and nuts, and other interesting forms of bartering.
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Replies: 224 / Views: 28,922 |
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Posted 04/15/2019 09:20 am
