Cash withdrawal limits

July 8th, 2016 at 9:34:56 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 111
Posts: 11853
What an unattractive woman, nobody is
going to like this.
If you take a risk, you may lose. If you never take a risk, you will always lose.
July 9th, 2016 at 12:20:30 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 744
Posts: 8747


I am not sure if they have settled on final design.

Many countries are certainly going splashier, even if the Anglo countries are more conservative

Anglo Countries






Scandinavia
Denmark, 2009 series
Sweden, 100 and 500 to enter October 2016
Norway, new banknotes starting 2017




Switzerland (The new 50 franc banknote was issued on April 12, 2016)
July 9th, 2016 at 12:59:50 AM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 111
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If I didn't know, I'd be hard pressed to guess
if Tubman was a man or a woman.
If you take a risk, you may lose. If you never take a risk, you will always lose.
July 9th, 2016 at 4:27:08 AM permalink
Nareed
Member since: Oct 24, 2012
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Quote: Pacomartin
When they say the 100 peso note is "papel y polímero" does that mean some are paper and some are polymer, or is each note a combination of paper and polymer?


2010 marked the centennial of the Revolution and the bicentennial of Mexican Independence. There were commemorative notes issued that year, the 100 for the revolution and the 200 for independence. The 100 for that year was plastic. Before and after that year, though, they were all printed on paper.
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
July 9th, 2016 at 10:23:34 AM permalink
Pacomartin
Member since: Oct 24, 2012
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Posts: 8747
Quote: Nareed
The 100 for that year was plastic. Before and after that year, though, they were all printed on paper.


Canada is circulation about 1.97 banknotes banknotes while Mexico is circulating 4.27 billion banknotes. But Canada had a massive counterfeiting problem about 12 years ago. It had a lot to do with their decision to change all denominations to polymer. In addition to lasting longer, they are harder to counterfeit.

In 1990, Canada's counterfeit ratio was just 4 PPM (Parts Per Million), ranking its currency among the most secure in the world. The number of fake Canadian bills rose as high as 117 PPM by 1997. In 2004 Canada’s counterfeit rate had ballooned to 470 PPM. Mexico has a rate of ~ 80 PPM.
Quote: banxico.org.mx

Circulación de billete Millones de Piezas, Saldos
494: 20 pesos (polímero)
506: 50 pesos (polímero)
579: 100 pesos (Familia F: papel y polímero)
819: 200 pesos
1792: 500 pesos
82: 1000 pesos
Quote: Bank of Canada / Banque du Canada

Circulation of banknotes, Millions of Pieces
247 $5
132 $10
936 $20
240 $50
410 $100
CAD$100 ~ MXN $1,500
MXN $500 ~ CAD$35
US$10 ~ MXN $185
August 4th, 2016 at 11:08:27 PM permalink
Pacomartin
Member since: Oct 24, 2012
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It is possible that Money Uprising or Cash Uprising in Sweden is having some effect. The government has been systematically destroying cash for several years now, but the cash in circulation only dropped by $2 last month.


Date - USD Value of Swedish valid banknotes per person - Difference
Dec 31, 2014 $923
Oct 30, 2015 $815 -$107
Nov 30, 2015 $792 -$23
Dec 31, 2015 $806 +$14
Jan 31, 2016 $752 -$55
Feb 29, 2016 $735 -$16
Mar 31, 2016 $725 -$10
Apr 30, 2016 $719 -$6
May 31, 2016 $709 -$10
Jun 30, 2016 $687 -$22 (old banknotes declared invalid)
Jul 31, 2016 $685 -$2

Dec 31, 2015 $532 per capita value of the US$20 bills in circulation in USA (for comparison)


Sweden has no stated policy of how much cash is enough. Almost all central banks state that they produce enough cash to meet demand, and there is not much demand in Sweden. Although some ATMs limit withdrawals to $100-$200, many of them permit as much as $1000. If cash supply should go below $500 per capita, then ATMs will have to have more restrictive limits.

Personally, I think that statement is a "sound bite". Greece moved about $5000 per capita out of Greece in an effort to shield their assets if the drachma is restored. They have capital controls as all the ATMs were emptied of cash, and they can only withdraw up to 60 Euros per day. If they actually produced enough cash to meet demand, then the printing presses would be rolling non-stop.

------------------

Björn Ulvaeus, of Abba fame, wishes to abolish physical forex in Sweden.Olaf Blecker


Björn Eriksson, leader of Sweden’s Money Uprising, thinks abolishing physical forex is a harmful slip-up. Olaf Blecker

Photo source
http://solidtechnews.com/a-single-swede-will-get-rid-of-money-forever-unless-his-foe-will-save-it-from-extinction/
August 18th, 2016 at 6:13:59 PM permalink
Pacomartin
Member since: Oct 24, 2012
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Quote: former finance minister Anders Borg

Sweden's ballooning debt and housing shortages have passed the point of no return, making a future collapse in housing prices inevitable, argues Anders Borg. According to him, the consequences of this collapse will undermine economic growth as indebted households are increasingly forced to cut back on consumption.

"A 'touchdown' in the Swedish housing prices is coming and I do not see how it can be avoided. We only need to be able to adjust the balance sheet afterwards," who now advises the investment company Kinnevik and the global bank Citi, said in a speech at a bank conference, as quoted by Dagens Industri.



They may find a new found attachment to currency
August 18th, 2016 at 7:21:27 PM permalink
Wizard
Administrator
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Quote: Evenbob
If I didn't know, I'd be hard pressed to guess
if Tubman was a man or a woman.


I'm going to lose a lot of clout with my liberal friends if this gets out, but I agree. Ugliest face on paper money I've ever seen.
Knowledge is Good -- Emil Faber
August 18th, 2016 at 9:58:26 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 744
Posts: 8747
I am not sure why everything has to be so serious. Sweden chose five women from the arts to put on their currency.

Selma Lagerlöf ( 20 November 1858 – 16 March 1940) Author


Astrid Lindgren (14 November 1907 – 28 January 2002) Children's Author


Jenny Lind (6 October 1820 – 2 November 1887) Opera Singer


Birgit Nilsson (17 May 1918 – 25 December 2005) Dramatic Soprano


Greta Garbo ( 18 September 1905 – 15 April 1990) Actress
August 19th, 2016 at 12:20:48 AM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 111
Posts: 11853
In her mid 20's Garbo was so stunning she
would take men's breath away. That's a
very good pic of her, but still doesn't do
her justice.
If you take a risk, you may lose. If you never take a risk, you will always lose.