Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Join Thousands of Coin, Bullion, & Money Collectors Shop for APMEX Bullion on eBay!Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Will Decrease In Euro Value Hinder US $200 & $500 FRNs?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 4 / Views: 1,740Next Topic  
Pillar of the Community

708 Posts
 Posted 03/12/2015  02:45 am Show Profile   Bookmark this topic Add Fox to your friends list Get a Link to this Message Number of Subscribers
Has anyone else here, heard that the Euro will likely be worth, about what the U.S. Dollar is worth by some time in 2016, and the U.S. Dollar will exceed the Euro's value by some time in 2017? I saw it on the news about a month or so ago, that, by 2017 the U.S. Dollar will be worth more than the Euro.

So, what I am wondering is, will the decrease of the value of the Euro and the increase of the value of the U.S. Dollar cause the U.S. government to feel that there is no need for $200 and/or $500 Federal Reserve notes here? Or, if we issue a $200 and/or $500 Federal Reserve note, depending on how high the U.S. Dollar's value exceeds the Euro's value, would it spark interest in the Euro Zone to possibly issue an E1,000 note?

I know many people here, think we don't need FRNs larger than $100, but I still feel that, even if the U.S. Dollar becomes worth more than the Euro, we should still issue $200 and $500 FRNs due to inflation, and the fact that, $100 does not go as far as it used to and due to the fact that some of us still prefer COLD HARD CASH over credit/debit cards, and/or checks, AND due to the fact that, a $500 bill is worth less than $100 in 1969, when the $500 and up were retired. This is the same reason for eliminating the cent and nickel, and turning the $1 and $2 bills into coins. Inflation. And no, we are not going to go to a cashless society for a long time, if ever. So, as long as we are going to have a coin and currency system here in the U.S., it is far time to modernize, and catch up with inflation, and kill the cent, nickel, and quarter, $1 and $2 bills for coins, reissue the 20-cent coin, and issue $200 bills and reissue $500 bills.

This is my same old rant, I know, but why not talk about the Euro Vs. the U.S. Dollar, and what it means for the possible future of the U.S. currency system?
Pillar of the Community
Learn More...
Pacificoin's Avatar
Canada
5394 Posts
 Posted 03/12/2015  03:05 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
There is no correlation at all. The U.S. Fed cares little what happens to the Euro or any other currency for that matter. The U.S. dollar is on a bull run right now and with most every other country on the planet in a devaluation race to the bottom to stimulate growth in their own internal economies there is very little to stop the Greenback from rising even further in relation to all other currencies. You will see Euro Dollar parity very soon as most of Europe is already in recession and the European Central Bank using QE as its major weapon to stimulate growth.
Just the market thinking of a rise in US interest rates has destroyed currencies this week. It is not going to get better anytime soon. If oil drops to the high thirties you could see Fx rates of the commodity based currencies like AUD, CAD, NZD sink to their previous lows of 2001 , 2002.
Pillar of the Community
Germany
1238 Posts
 Posted 03/12/2015  04:07 am  Show Profile   Bookmark this reply Add chrisild to your friends list Get a Link to this Reply
Don't remember seeing $200 and $500 bills in the US when the € had a rate of $0.82 per euro in October 2000. So why would that be different now? :)

Christian
Pillar of the Community
CalzoneManiac's Avatar
United States
2233 Posts
 Posted 10/25/2015  1:32 pm  Show Profile   Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
Two words...money laundering.
Pillar of the Community
Enlil's Avatar
Australia
560 Posts
 Posted 10/26/2015  03:24 am  Show Profile   Bookmark this reply Add Enlil to your friends list Get a Link to this Reply
I think the money laundering crap is just that, stuff the politicians say. When laundering things like Artworks, precious metals, stones and other consumables is just as good. So take the money out, they will still move their profits.
  Previous TopicReplies: 4 / Views: 1,740Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.23 seconds to rattle this change. Forums