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Fun fact: in parts of East Africa, a $50 bill may be worth about 60-70 $1 dollar bills, due to the $1 bill being easier to counterfeit (and also more likely wor
by gobdovan 5mo ago
Fun fact: in parts of East Africa, a $50 bill may be worth about 60-70 $1 dollar bills, due to the $1 bill being easier to counterfeit (and also more likely worn down).
- Barbing 5mo agoImmersed yourself there or…?
- dnnddidiej 5mo agoThat guy East Africas
- freak42 5mo ago[flagged]
- m463 5mo agoIn parts of the USA (well, amazon.com), you can buy bills of $10,000,000,000 from Africa for very little. example: https://www.amazon.com/dp/B01L3536O2 https://www.amazon.com/dp/B01L3536O2
- eesmith 5mo agoIn parts of the US (well, eBay.com) you can by bills of 50 trillion from Europe for very little. In other words, Africa is a big place. Just say "Zimbabwe".
- fch42 5mo agoGerman 50 Trillion (Marks) _stamps_ from 1923 are (literally) a-dime-a-dozen because postal services had a giant amount of them printed for issue in fall-1923 - just to have the whole lot rendered obsolete by the November currency reform. Unstamped/new they're not worth the paper they're printed on. Verifiably used / franked actually on a postal package they are much rarer. Fortune reversal - the worthless item becoming the collectible...
- JKCalhoun 5mo agoI'd like to think that they would switch to scientific notation past a million…
- noduerme 5mo agoVery interesting. It's probably because fewer people take the time to counterfeit $50s, $10s or $2s than anything else. What about $100 bills? In Argentina, if you have an older $100 bill, no one will take it. And apparently there's a roaring trade in fake $20s in Costa Rica, which I only learned at a casino there recently when I took USD directly out of an ATM and had it inspected by a pit boss in the same establishment. It's ironic, because if I were someone with an interest in counterfeiting, I'd focus on forging Pesos or Colones or something no one looks at before I'd take a stab at USD.
- madaxe_again 5mo agoI’ve had USD rejected both for being too new and for being too old in various corners of the earth - different cultures seem to want their currency differently aged.
- noduerme 5mo agoAnd the only places you can change a €500 note are outside of Europe.
- shrx 5mo agowhat?
- madaxe_again 5mo agoNobody will accept a €500 note in Europe - not even banks - you have to get it changed at a central bank, and you can expect a lot of questions, like “what kind of drugs did you sell to get this?” An easier option if you have one, is going to a forex office in Vietnam or somewhere - and even then they may not take it. I was lumbered with a couple of them for a few years, until I dumped them in Uruguay.
- noduerme 5mo agoYeah, it's truly strange because up until around 2012, I used to pay my rent with €500 notes when I lived in Spain. Just go down to the bank and get them. Then there was some sort of crackdown on drug smuggling and no one would touch them. Barbaric, rather fascistic or communist way of dealing with a social problem, since of course this means normal people can't pay rent in cash anymore without a ton of bills, and the only real purpose is to track so much more of the casual, unofficial economy. Drug dealers do find ways around.