3 ms·

> exchange it for a new $100 or two $50 before that $100 bill is no longer valid. What are you talking about? > the issuing authority usually puts and end dat

> exchange it for a new $100 or two $50 before that $100 bill is no longer valid. What are you talking about? > the issuing authority usually puts and end date to the old version a few years into the future Not in the US.

alkonaut 11y ago
> What are you talking about? Apparently, how money works in most places but not in the US... I can't imagine it would be very controversial however, if US authorities announced that "in 10 years, banknotes older than the 1960's will be invalid, you can exchange them for new notes before that". Why would it be controversial? It would be a big change after having so old money being legal tender, but it would be understandable not least because old money without modern features is likely much easier to counterfeit than new. In any case: banknotes expiring completely or being made invalid/replaced by new editions with the same denomination isn't anything strange, even if it would be news in the US. So in that light, removing some denominations of Euro notes wouldn't be controversial. Remember: all the EU countries already quite recently had ALL their original banknotes made invalid (after period of conversion, which I believe has ended a long time ago in the original EUR-countries).
- Symbiote 11y ago
  > after period of conversion, which I believe has ended a long time ago in the original EUR-countries That depends on the issuing country. I'd guess it's related to whether they expired their banknotes before the Euro. French and Dutch banknotes are now invalid, but German Deutschemarks are valid for exchange at any Bundesbank indefinitely. The same applies to Austrian and Estonian currency. https://en.wikipedia.org/wiki/Deutsche_Mark https://en.wikipedia.org/wiki/Deutsche_Mark https://en.wikipedia.org/wiki/Austrian_schilling https://en.wikipedia.org/wiki/Austrian_schilling https://en.wikipedia.org/wiki/Estonian_kroon https://en.wikipedia.org/wiki/Estonian_kroon

alkonaut 11y ago

> What are you talking about? Apparently, how money works in most places but not in the US... I can't imagine it would be very controversial however, if US authorities announced that "in 10 years, banknotes older than the 1960's will be invalid, you can exchange them for new notes before that". Why would it be controversial? It would be a big change after having so old money being legal tender, but it would be understandable not least because old money without modern features is likely much easier to counterfeit than new. In any case: banknotes expiring completely or being made invalid/replaced by new editions with the same denomination isn't anything strange, even if it would be news in the US. So in that light, removing some denominations of Euro notes wouldn't be controversial. Remember: all the EU countries already quite recently had ALL their original banknotes made invalid (after period of conversion, which I believe has ended a long time ago in the original EUR-countries).

Symbiote 11y ago
> after period of conversion, which I believe has ended a long time ago in the original EUR-countries That depends on the issuing country. I'd guess it's related to whether they expired their banknotes before the Euro. French and Dutch banknotes are now invalid, but German Deutschemarks are valid for exchange at any Bundesbank indefinitely. The same applies to Austrian and Estonian currency. https://en.wikipedia.org/wiki/Deutsche_Mark https://en.wikipedia.org/wiki/Deutsche_Mark https://en.wikipedia.org/wiki/Austrian_schilling https://en.wikipedia.org/wiki/Austrian_schilling https://en.wikipedia.org/wiki/Estonian_kroon https://en.wikipedia.org/wiki/Estonian_kroon