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The £50 note was described (...) as the "currency of corrupt elites, of crime of all sorts and of tax evasion". I recently dealt with a 1000 CHF (= £811 = $101
by folli 7y ago
The £50 note was described (...) as the "currency of corrupt elites, of crime of all sorts and of tax evasion".
I recently dealt with a 1000 CHF (= £811 = $1018) banknote in Switzerland. It's not very commonly used, but it exists.
- sigwinch28 7y agoAlthough not commonly used, it seems the Swiss do not have such skepticism of high-value notes. I would routinely pay for things (groceries, electronics, etc.) with 100CHF and 200CHF notes without the cashiers batting an eye, while I used the 1000CHF note once or twice for large purchases.
- julianwachholz 7y agoDown payments with 1000s on big things like cars is very much accepted here.
- interestica 7y agoWhere's here?
- travisjungroth 7y agoSwitzerland. They’re talking about 1000 CHF (Swiss Franc) notes.
- aunty_helen 7y agoA Swiss friend of mine (who granted is a little old fashioned) said he would use them to pay bills for his business and would often use 10x 1000CHF notes for a monthly bill. Another interesting point around the money laundering aspects, he was talking with one of the central bankers and it was now considered unpalatable to introduce any bigger sized notes. My friend's point was that when the 1000CHF note was introduced in the early 1900s, adjusting for inflation it was worth a lot lot more.
- Grue3 7y agoIn Russia banks love giving out 500 euro notes when you exchange rubles to euros, the problem is most places in Europe don't accept 500 euro notes for payment, even for sums that are more than 500 euro (such as paying for hotel stay). From what I heard even most banks won't accept them unless you have an account, so they're totally useless to bring for a euro trip.
- apexalpha 7y agoIn NL both €200 and €500 are almost universally rejected.
- cygx 7y agoAs far as I'm aware, here in DE they have to take such large notes as long as it's proportionate to the sum owed. Coincidentally, Germans do love their paper money more than most.
- mgbmtl 7y agoYep. I was a bit annoyed that Scandinavian countries go cashless, but I was caught a few times in restaurants in Germany that didn't accept credit cards. On short trips, I never bother carrying cash.