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Kaak is offline Kaak
King
Lost
May 1999
time: 23:26
  Old Post 19-04-2005 07:53 Visit Kaak's homepage!
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Monetary denominations... Support Apolyton, buy Civilization: The Boardgame

Anyone know why the denominations in so many countries are the same? even the change...is there a historical reason???

mrmitchell is offline mrmitchell
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Sep 2002
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  Old Post 19-04-2005 07:56
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Most of the countries you're thinking of use the same numeral system, too, and when we're counting by 10s we might as well use denominations in 10s (one cent, one dime, one dollar, ten dollars, one hundred dollars). That's pretty much the most standard part of it--after that it gets down to what was historical or what was useful.

St Leo is offline St Leo
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Jul 2005
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* St Leo recalls 3 Ruble bills with fondness

It's sheep mentality among countries, really. They all used to have stupid systems, and then everyone slowly started switching to the hundred-oriented one.

100 = 2 * 2 * 5 * 5

Ergo, the following are plausible bill denominations: $2, $4, $5, $10, $20, $25, $50

Since $4 does not go into $10, it's not used much.

KrazyHorse is offline KrazyHorse
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Macedonia
May 2001
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Avatar Enlargement: We've got the solution

2*5 = 10

That's all you have to know

Urban Ranger is offline Urban Ranger
Apolyton Duke of Off-Topic

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The City State of Noosphere, CPA special envoy
May 1999
time: 13:26
  Old Post 19-04-2005 14:54
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Got spare money?

Are there any $25 banknotes? I haven't seen any.

Provost Harrison is offline Provost Harrison
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Feb 2000
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  Old Post 19-04-2005 14:59
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1p, 2p, 5p, 10p, 20p, 50p, £1, £2, £5, £10, £20, £50 (rarely used)...that's what you get here...

DeathByTheSword is offline DeathByTheSword
King
soon to be a major religion
Nov 2001
time: 05:26
  Old Post 19-04-2005 15:01
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in the netherlands we had before the euro

0.05 0.10 0.25 1.00 2.50 (<--coins) 5.00 (<---both) 10 25 50 100 250 1000 (<---paper) gulden

and very colourfull paper...and i dont want to sound nostagic but they were the best ones i ever saw... the euro papers a way so dark

Provost Harrison is offline Provost Harrison
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Feb 2000
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  Old Post 19-04-2005 15:02
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That's what cracks me up about the UKs 'Keep The Pound' campaign, we've only had the present system since the early 70s The previous system with pounds, shillings and pence looked ridiculously complicated...

Winston is offline Winston
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Danmark
Mar 1999
time: 06:26
Lightbulb  Old Post 19-04-2005 16:58
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Provost Harrison, what you're saying makes very little sense. A campaign to keep the Pound has very little to do with the change of the 1970's. It's not like the Pound was introduced at that time.

Anyway, in Denmark we have 1 krone = 100 øre. 1 krone is roughly .12 € IIRC.

Coins:

.25 kr.
.50 kr.
1 kr.
2 kr.
5 kr.
10 kr.
20 kr.

Notes:

50 kr.
100 kr.
200 kr.
500 kr.
1,000 kr.

molly bloom is offline molly bloom
Prince
Lundenwic
Oct 2001
time: 15:26
  Old Post 19-04-2005 17:33
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Coins I miss- the halfpenny, the farthing, the sixpence, the thruppenny bit, the shilling, the half-crown, the half guinea and the guinea.


I also miss the ten-bob note, too. Pound note, not so much.

CerberusIV is offline CerberusIV
King

Oct 2002
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  Old Post 19-04-2005 19:41 Visit CerberusIV's homepage!
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quote:
Originally posted by molly bloom
Coins I miss- the halfpenny, the farthing, the sixpence, the thruppenny bit, the shilling, the half-crown, the half guinea and the guinea.


I also miss the ten-bob note, too. Pound note, not so much.


A lot of the nostalgia (mine certainly) for the old British currency is that a coin would actually buy you something. Now even pound coins are small change. You could not ignore a handful of pennies and ha'pennies - because they weighed so much. That was before the evil Bank of England shrank them into oblivion.

The UK really should go for the euro - so much simpler. I've been in France, Spain and now Ireland in the last few months and not had to worry about changing money at all. Having lost proper coins and notes with decimalisation they might as well go the whole way.

pchang is offline pchang
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Aug 1999
time: 05:26
  Old Post 19-04-2005 19:53
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Countries have systematically gotten rid of the their largest denomination notes in order to make money laundering more difficult for the criminal element.

Dr Zoidberg is offline Dr Zoidberg

King
Communist Party of Apolyton
Jan 2002
time: 06:26
  Old Post 19-04-2005 20:01
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In sweden there´s:

1 krona = 100 öre

Coins

0.5
1
5
10

Notes:

20
50
100
500
1000

We used to have a lot more coins, but they´ve been discarded. Mostly because of inflation. [nostalgic old geezer mode] When I was a kid we had 5, 10 and 25 öre coins. In the mid 70´s you could still buy toffee for 5 öre/piece... We had 5 and 10 kronor banknotes also.

Az is offline Az
King
MACEDONIA - It's the name of the sovereign country to the north of Greece
Apr 2000
time: 07:26
  Old Post 19-04-2005 20:12
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we don't have .20 coins, nor 2 NIS coins.

we have only
coins:
.05
.1
.5
1
5
10
notes:
20
50
100
200

and given our currency is 1 USD to 4.3 NIS, the biggest note isn't all that big

What always confused me is the abundance of American notes...

Dauphin is offline Dauphin
Emperor
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Jan 1970
time: 05:26
  Old Post 19-04-2005 23:35
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quote:
Originally posted by Winston
Provost Harrison, what you're saying makes very little sense. A campaign to keep the Pound has very little to do with the change of the 1970's. It's not like the Pound was introduced at that time.


The current pound was introduced in ~1971, it just happened to have the same name as the old pound. It could have been renamed Dollars, as in Australia. The point PH was making, was that by a twisted popular logic, the UK population would probably accept the €uro as long as it was renamed Pound. The technicalities of what it actually is doesn't matter as long its got a good branding name.

Sandman is offline Sandman
Prince
Sinister Penguin
Aug 2001
time: 05:26
  Old Post 19-04-2005 23:36
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Got spare money?

Bring back the groat! (1/3 of a penny)

KrazyHorse is offline KrazyHorse
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May 2001
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  Old Post 19-04-2005 23:46 Visit KrazyHorse's homepage!
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quote:
Originally posted by Urban Ranger
Are there any $25 banknotes? I haven't seen any.


I didn't say 2.5*4 = 10

I said 2*5 = 10

Az is offline Az
King
MACEDONIA - It's the name of the sovereign country to the north of Greece
Apr 2000
time: 07:26
  Old Post 19-04-2005 23:52
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There is a slight possibility that not all things said are directed at you, KH.

KrazyHorse is offline KrazyHorse
King
Macedonia
May 2001
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  Old Post 20-04-2005 00:12 Visit KrazyHorse's homepage!
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pffft

Imran Siddiqui is offline Imran Siddiqui

Deity
The Potterverse
Jan 1970
time: 00:26
  Old Post 20-04-2005 00:45
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quote:
What always confused me is the abundance of American notes...


Abundance?

We have 1, 5, 10, 20, 50, 100. And then rarely do you see notes above that (such as 500, 1000, etc, etc). They were mostly used before credit cards were widely adopted .

Winston is offline Winston
King
Danmark
Mar 1999
time: 06:26
  Old Post 20-04-2005 00:51
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quote:
Originally posted by Dauphin

The current pound was introduced in ~1971, it just happened to have the same name as the old pound. It could have been renamed Dollars, as in Australia. The point PH was making, was that by a twisted popular logic, the UK population would probably accept the €uro as long as it was renamed Pound. The technicalities of what it actually is doesn't matter as long its got a good branding name.


I think the point the campaigners want to make is for Britain to hold on to its own national currency. I still maintain that the denomination reform of the 1970's is entirely irrelevant in that context.

Dauphin is offline Dauphin
Emperor
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Jan 1970
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  Old Post 20-04-2005 01:54
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The change is fundamentally different, yes, but the denomination change is not irrelevent.

People opposed the denomination change, just as they oppose other metrications because they like what they are used to. Many people will not want to change to the Euro simply because it means change.

Japher is offline Japher
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Jun 2002
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  Old Post 20-04-2005 01:56
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Resistance to change is an interesting topic worthy of a thread all it's own.

DanS is offline DanS
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Kickball Capital of the World
Jan 1970
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quote:
We have 1, 5, 10, 20, 50, 100.


Don't forget the $2 bill. It's legal tender.

Odin is offline Odin
Prince
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Sep 2000
time: 23:26
  Old Post 20-04-2005 02:04
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Here in the US the denominations are:

0.01
0.05
0.10
0.25
0.50 (rare)
1 (both bills and coins, but the coins are not used that often)
2 (rare)
5
10
20
50
100

Japher is offline Japher
Prince
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Jun 2002
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  Old Post 20-04-2005 02:09
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Three dollar bills would be useful

Imran Siddiqui is offline Imran Siddiqui

Deity
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Jan 1970
time: 00:26
  Old Post 20-04-2005 02:16
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It falls under rare though .

Provost Harrison is offline Provost Harrison
Emperor
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Feb 2000
time: 05:26
  Old Post 20-04-2005 02:55
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I think Dauphin has summed up what I was trying to say pretty well. What's in a name? What's in a currency? People get nostalgic about the silliest of things...the only difficulty would be to adjust to the change in currency value...

Urban Ranger is offline Urban Ranger
Apolyton Duke of Off-Topic

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May 1999
time: 13:26
  Old Post 20-04-2005 09:02
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quote:
Originally posted by Odin
Here in the US the denominations are:


Isn't there a 100,000 or 1,000,000 one?

Imran Siddiqui is offline Imran Siddiqui

Deity
The Potterverse
Jan 1970
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  Old Post 20-04-2005 09:15
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They are extrodinarily rare. I don't know of anyone that has seen one in front of him. Banks may have them... but who knows.

 
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