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Banknotes

Old May 9th 2019, 11:22 pm
  #1  
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Default Banknotes

I expect we all saw that report about the misspelling on the Australian $50 bills.

I read that the $50 note is the most common one in circulation and was a bit surprised.

$47CAN
$35US
£27
€31

That would be like $50 here but I reckon it's the $20. If I take cash from a machine, it's always multiples of $20 and I needed to get about $300 before 50s would be issued. I used to collect rents of $500 and more from tenants and a 50 was rare.

Is everything expensive in Australia that $50 is so common?
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Old May 10th 2019, 1:24 am
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Default Re: Banknotes

Originally Posted by BristolUK View Post
I expect we all saw that report about the misspelling on the Australian $50 bills.

I read that the $50 note is the most common one in circulation and was a bit surprised.

$47CAN
$35US
£27
€31

That would be like $50 here but I reckon it's the $20. If I take cash from a machine, it's always multiples of $20 and I needed to get about $300 before 50s would be issued. I used to collect rents of $500 and more from tenants and a 50 was rare.

Is everything expensive in Australia that $50 is so common?
Yes it is. My morning coffee (small) is relatively inexpensive at only $3.50. We went for breakfast on Sunday and 2 coffees and one breaky of poached eggs with hollandaise on toast was $29. Fuel here is currently $1.44/L but shoul drop on cheap fuel Monday .

I prefer $20 notes, but 50s are what's usually spat forth from the ATM.
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Old May 10th 2019, 2:07 am
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Default Re: Banknotes

Originally Posted by Dorothy View Post
Yes it is. My morning coffee (small) is relatively inexpensive at only $3.50. We went for breakfast on Sunday and 2 coffees and one breaky of poached eggs with hollandaise on toast was $29. Fuel here is currently $1.44/L but shoul drop on cheap fuel Monday .

I prefer $20 notes, but 50s are what's usually spat forth from the ATM.
You're quite right, I rarely have $20s any longer as they buy very little. $50 notes are definitely the most common ones.
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Old May 10th 2019, 2:32 am
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Default Re: Banknotes

Really? I rarely get $50s, always $20s and down, mind you I use cards most of the time so don't get large amounts of cash out and never use ATMs, only supermarket tills. I'm quite surprised they didn't claim the error was a counterfeit protection thing. I would have done.
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Old May 10th 2019, 3:07 am
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Default Re: Banknotes

Originally Posted by Dorothy View Post
Yes it is. My morning coffee (small) is relatively inexpensive at only $3.50. We went for breakfast on Sunday and 2 coffees and one breaky of poached eggs with hollandaise on toast was $29. Fuel here is currently $1.44/L but shoul drop on cheap fuel Monday .

I prefer $20 notes, but 50s are what's usually spat forth from the ATM.
$1.44 AUD is around $1.36 CAD. You have cheaper fuel then we do in Vancouver....lol

The rest seems a bit pricey.
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Old May 10th 2019, 3:15 am
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Default Re: Banknotes

Originally Posted by Jsmth321 View Post
$1.44 AUD is around $1.36 CAD. You have cheaper fuel then we do in Vancouver....lol

The rest seems a bit pricey.
She's in WA, nearly everything ends up being a bit pricier over there than here on the East Coast. Still not a cheap country to live in though.
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Old May 10th 2019, 3:18 am
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Default Re: Banknotes

Originally Posted by moneypenny20 View Post
She's in WA, nearly everything ends up being a bit pricier over there than here on the East Coast. Still not a cheap country to live in though.
Gotcha.

At first I was like Washington, those prices don't seem right for that, but then realized it must mean Western Australia..The brain funny sometimes. (WA is the 2 letter code for Washington state for US Postal Service..)
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Old May 10th 2019, 3:29 am
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Default Re: Banknotes

Originally Posted by Jsmth321 View Post
Gotcha.

At first I was like Washington, those prices don't seem right for that, but then realized it must mean Western Australia..The brain funny sometimes. (WA is the 2 letter code for Washington state for US Postal Service..)
As I posted I thought of Washington but went with it anyway.
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Old May 10th 2019, 10:03 am
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Default Re: Banknotes

Originally Posted by Jsmth321 View Post
$1.44 AUD is around $1.36 CAD. You have cheaper fuel then we do in Vancouver....lol

The rest seems a bit pricey.
It is fairly pricey in Western Australia. Housing is getting close to Lower Mainland prices. It's only because we have 2 incomes that we were able to buy a very small house 50 km from the city . If I was on a single income (even though I make a good wage) I'd be either renting or buying a small apartment . The only thing that I find not too bad is transit, butI have a heavily subsidised travel card because I work for the state government (25% discount). My insurance and cost of licensing my car every year is about the same as it would be in BC.
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Old May 10th 2019, 5:28 pm
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Default Re: Banknotes

Originally Posted by Dorothy View Post
It is fairly pricey in Western Australia. Housing is getting close to Lower Mainland prices. It's only because we have 2 incomes that we were able to buy a very small house 50 km from the city . If I was on a single income (even though I make a good wage) I'd be either renting or buying a small apartment . The only thing that I find not too bad is transit, butI have a heavily subsidised travel card because I work for the state government (25% discount). My insurance and cost of licensing my car every year is about the same as it would be in BC.
How long is the transit commute?

Thats about the distance from Vancouver to Langley, depending on hours one would need to arrive and leave Vancouver for Langley transit could be an option, during peak times its about a 90 minute commute each way if working downtown. 1 bus and 1 skytrain to get downtown, also depends where in Langley, not all areas have bus coverage or sufficient bus coverage to easily get downtown via transit.

Owning in Langley would be cheaper vs what we pay in rent, but we don't make enough to own even though owning even with taxes and strata fees would be lower then our rent.

The only 3 things that make lower mainland life expensive are Rent, gas, and car insurance, overall everything else is pretty reasonable, but so much income has to go towards housing its a killer for a lot of people.
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Old May 10th 2019, 10:59 pm
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Default Re: Banknotes

Originally Posted by Jsmth321 View Post
How long is the transit commute?

Thats about the distance from Vancouver to Langley, depending on hours one would need to arrive and leave Vancouver for Langley transit could be an option, during peak times its about a 90 minute commute each way if working downtown. 1 bus and 1 skytrain to get downtown, also depends where in Langley, not all areas have bus coverage or sufficient bus coverage to easily get downtown via transit.

Owning in Langley would be cheaper vs what we pay in rent, but we don't make enough to own even though owning even with taxes and strata fees would be lower then our rent.

The only 3 things that make lower mainland life expensive are Rent, gas, and car insurance, overall everything else is pretty reasonable, but so much income has to go towards housing its a killer for a lot of people.
It's about an hour door to door. However it's 1 train straight from my house to the city then I walk 7 minutes to the hospital. I live a 5 minute walk to the train so it's not bad. For a small city we have a very good transit system IMO.
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Old May 10th 2019, 11:02 pm
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Default Re: Banknotes

Originally Posted by Dorothy View Post
It's about an hour door to door. However it's 1 train straight from my house to the city then I walk 7 minutes to the hospital. I live a 5 minute walk to the train so it's not bad. For a small city we have a very good transit system IMO.
Not bad at all.

Transit is fine here within city of Vancouver but otherwise its hit or miss and time consuming. Too reliant on buses. (as long as your not starting work really early or getting off really late)
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Old May 10th 2019, 11:07 pm
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Default Re: Banknotes

Originally Posted by Jsmth321 View Post
Not bad at all.

Transit is fine here within city of Vancouver but otherwise its hit or miss and time consuming. Too reliant on buses. (as long as your not starting work really early or getting off really late)
Yeah we took transit last time we were in Van. I'm nor sure I'd like to be in the downtown area too late.
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Old May 11th 2019, 12:03 am
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Default Re: Banknotes

Originally Posted by Dorothy View Post
Yeah we took transit last time we were in Van. I'm nor sure I'd like to be in the downtown area too late.
Van transit 😁
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Old May 11th 2019, 2:02 am
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Default Re: Banknotes

Originally Posted by Dorothy View Post
.... but 50s are what's usually spat forth from the ATM.
I suspect that's the answer - whatever the default from ATMs is going to be the most common in circulation. ​​​All that most US ATMs have is $20 notes, but most of the time I want $1's and $5's and often end up in the branch asking a teller to swap 2 x $20 for 4 x $5's and 20 x $1's.

Occasionally I wish that I had half a dozen $100's rather than a wallet stuffed full of $20's.

Last edited by Pulaski; May 11th 2019 at 2:12 am.
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