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Fun Question..

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Old Apr 20th 2003, 1:00 am
  #31  
Jens Arne Maennig
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Miguel Cruz wrote:
    >Gregory Morrow wrote:

    >> Some nation (Australia?) has paper currency that is actually made out of a
    >> plastic material -- much more durable.
    >Australia pioneered it, I think.

Not really. It was actually Bavarian engineered. The Australian
plastic bank notes were developed and are manufactured (at least the
material) in Munich at Gieseke & Devrient (http://www.gdm.de) who are
manufacturing money and bank note paper for over 80 countries.

Jens
 
Old Apr 20th 2003, 1:20 am
  #32  
Deep Floyd Mars
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Mxsmanic wrote in message
news:[email protected]...
    > "Jim Ley" a écrit dans le message de news:
    > [email protected]...
    > > Surely a 10 or 20 GBP counterfeit note, is
    > > one of the best value notes to counterfeit ...
    > Maybe in the U.K., but the value of the currency outside the U.K. is
    > minimal. I suspect that dollars, euro, and yen are about the only
    > currencies with significant international importance.

I would disagree there. I have found pounds are readily exchangeable
anywhere, moreso than the yen.
---
DFM
 
Old Apr 20th 2003, 3:20 am
  #33  
Deep Floyd Mars
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Axqi Rqvst wrote in message
news:BAC85758.65E8%[email protected]...
    > On 20/04/03 12:34, in article [email protected], "Jim Ley"
    > wrote:
    > > Odd I've found Pounds at least if not more acceptable than Euro's in
    > > many countries - of course you've already said you wouldn't travel to
    > > Africa - this probably extends to Asia too...
    > The euro is legal tender in at least three (maybe four) dozen countries in
    > Europe, Africa, North & South America and Oceania.

Which ones?
---
DFM
 
Old Apr 20th 2003, 5:34 am
  #34  
Miguel Cruz
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Mxsmanic wrote:
    > "Miguel Cruz" a écrit:
    >> These days the Australian government-owned company (Securency) that
    >> produces them claims to count the following among their clients:
    >> Bangladesh, Brazil, Brunei, China, Indonesia, Kuwait, Malaysia, Mexico,
    >> Nepal, Northern Ireland, Papua New Guinea, Singapore, Solomon Islands,
    >> Sri Lanka, Taiwan, Thailand, Vietnam and Samoa.
    > And the net worth of all those countries together is about 10% that of
    > Australia (with two or three exceptions). It's nice that these countries
    > protect their worthless currencies with such diligence, but who would bother
    > to counterfeit them, anyway?

The size of the economy has little to do with the worth of the currency.
Brazil's currency is often worthless. Malaysia's is definitely not - they've
managed to hold a peg to the US$ from the early days of the 1998 collapse,
no mean feat. Likewise I don't think anyone would call Northern Ireland's
currency worthless, given what it can be freely traded for.

miguel
--
Hit The Road! Photos and tales from around the world: http://travel.u.nu
Latest photos: Dubai and Vietnam
 
Old Apr 20th 2003, 5:47 am
  #35  
Lennart Petersen
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"Deep Floyd Mars" skrev i
meddelandet news:[email protected]...
    > Axqi Rqvst wrote in message
    > news:BAC85758.65E8%[email protected]...
    > > On 20/04/03 12:34, in article [email protected], "Jim
Ley"
    > > wrote:
    > >
    > > > Odd I've found Pounds at least if not more acceptable than Euro's in
    > > > many countries - of course you've already said you wouldn't travel to
    > > > Africa - this probably extends to Asia too...
    > >
    > > The euro is legal tender in at least three (maybe four) dozen countries
in
    > > Europe, Africa, North & South America and Oceania.
    > >
    > Which ones?
    > ---
    > DFM
He is probably talking about French overseas departments and territories.
 
Old Apr 20th 2003, 6:01 am
  #36  
Axqi Rqvst
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    > > The euro is legal tender in at least three (maybe four) dozen countries in
    > > Europe, Africa, North & South America and Oceania.
    > >
    >
    > Which ones?

1. Most of the EU except GB, S, DK, as I recall

2. All (I think all) of ex-Yugoslavia (via their Currency Boards).
They used to use DMs.

3. The CFA zone: West Africa, including Mali, Equatorial Guinea and
all former French colonies and protectorates (Cameroon, Togo)

4. St Pierre-Miquelon, Guyane française, Martinique, Guadeloupe

5. CFP zone: Polynésie française

It's the reserve currency for many other countries; I'd have to check
the Bank for International Settlements and IMF materials to remind
myself which, but you're not paying me and so I'm not going to do it.
 
Old Apr 20th 2003, 7:05 am
  #37  
Axqi Rqvst
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On 20/04/03 18:34, in article [email protected],
"Miguel Cruz" wrote:

    > The size of the economy has little to do with the worth of the currency.
    > Brazil's currency is often worthless. Malaysia's is definitely not - they've
    > managed to hold a peg to the US$ from the early days of the 1998 collapse,
    > no mean feat. Likewise I don't think anyone would call Northern Ireland's
    > currency worthless, given what it can be freely traded for.

Northern Ireland notes are subject to a 100% reserve requirement. The cost
of maintaining them is an advertising expense of the sponsoring bank. It
isn't a currency at all, not even of the Currency Board type (such as
ex-Yugoslavia and other ex-Commie countries that base their currencies on
the euro with total or virtually-total cover).

Here's a statement from http://www.ireland-info.com on what the NI currency
is:
"The Ulster Bank, First Trust Bank, Northern Bank, Bank of Ireland which are
the main local banks in Northern Ireland, have been given special
dispensation to produce their own notes. Whilst they are still Sterling,
they differ in appearance from the mainstream Bank of England note, in that
they display the name of the local Bank along the top and are of a different
colouring."

Bank of England data show the relationship
http://www.bankofengland.co.uk/mfsd/abst/ab1t3_13.xls
http://www.bankofengland.co.uk/euro/section71201.pdf

I would have liked to provide clearer evidence of what I know professionally
and from experience to be self-evident, but that's all I can find quickly.

Here's a page of illustrations of the currency, that proves nothing
http://www.irishpapermoney.com/ni/ni0.html

And an interesting anecdote about an ignorant bank clerk:
http://www.bbc.co.uk/northernireland...nk_notes.shtml

And on counterfiet NI currency
http://www.octf.gov.uk/countercurrency.cfm
 
Old Apr 20th 2003, 9:14 am
  #38  
Lennart Petersen
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"Axqi Rqvst" skrev i meddelandet
news:[email protected]...
    > > > The euro is legal tender in at least three (maybe four) dozen
countries in
    > > > Europe, Africa, North & South America and Oceania.
    > > >
    > >
    > > Which ones?
    > 1. Most of the EU except GB, S, DK, as I recall
Correct
    > 2. All (I think all) of ex-Yugoslavia (via their Currency Boards).
    > They used to use DMs.
Only Montenegro and part of Serbia, Kosovo. Rest of ex Yugoslavia have their
own currencies.
    > 3. The CFA zone: West Africa, including Mali, Equatorial Guinea and
    > all former French colonies and protectorates (Cameroon, Togo)
Although CFA was pegged to the Franc and now to the Euro ,one Euro is
655,957CFA it's a separate currency and Euro isn't used but you'll find them
on Reunion
    > 4. St Pierre-Miquelon, Guyane française, Martinique, Guadeloupe
Right.
    > 5. CFP zone: Polynésie française
Again it's pegged to the Euro only but you'll find Euros on Wallis and
Futuna.
 
Old Apr 20th 2003, 9:17 am
  #39  
Hatunen
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On Sun, 20 Apr 2003 21:14:27 GMT, "Lennart Petersen"
wrote:

    >"Axqi Rqvst" skrev i meddelandet
    >news:[email protected]...
    >> > > The euro is legal tender in at least three (maybe four) dozen
    >> > > countries in
    >> > > Europe, Africa, North & South America and Oceania.
    >> > >
    >> >
    >> > Which ones?

    >> 4. St Pierre-Miquelon, Guyane française, Martinique, Guadeloupe
    >Right.

St Pierre-Miquelon isn't a country, nor are the others, I
believe. They are departments of France. French Polynesia is a
territory of France and is also not a country.



************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
 
Old Apr 20th 2003, 12:35 pm
  #40  
Evelynvogtgamble
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Mxsmanic wrote:
    >
    > "Miguel Cruz" a écrit dans le message de news:
    > [email protected]...
    >
    > > These days the Australian government-owned company
    > > (Securency) that produces them claims to count the
    > > following among their clients: Bangladesh, Brazil,
    > > Brunei, China, Indonesia, Kuwait, Malaysia, Mexico,
    > > Nepal, Northern Ireland, Papua New Guinea, Singapore,
    > > Solomon Islands, Sri Lanka, Taiwan, Thailand,
    > > Vietnam and Samoa.
    >
    > And the net worth of all those countries together is about 10% that of
    > Australia (with two or three exceptions). It's nice that these countries
    > protect their worthless currencies with such diligence, but who would bother
    > to counterfeit them, anyway?

But if the government must pay to have its currency printed elsewhere,
perhaps the durability is a factor? (The longer it remains useable, the
fewer times it needs to be replaced.)
 
Old Apr 20th 2003, 7:23 pm
  #41  
Axqi Rqvst
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[email protected] (Hatunen) wrote in message news:...
    > On Sun, 20 Apr 2003 21:14:27 GMT, "Lennart Petersen"
    > wrote:
    >
    > >
    > >"Axqi Rqvst" skrev i meddelandet
    > >news:[email protected]...
    > >> > > The euro is legal tender in at least three (maybe four) dozen
    > >> > > countries in
    > >> > > Europe, Africa, North & South America and Oceania.
    > >> > >
    > >> >
    > >> > Which ones?
    >
    > >> 4. St Pierre-Miquelon, Guyane française, Martinique, Guadeloupe
    > >Right.
    >
    > St Pierre-Miquelon isn't a country, nor are the others, I
    > believe. They are departments of France. French Polynesia is a
    > territory of France and is also not a country.

They have independent currency issuing boards.

You asked a question; I provided a helpful answer. If you want to be a
pedant you will have to direct your pedantry to others. "Scotland" and
"Northern Ireland" are countries by any definition. Country does not
equate to sovereignty. St Pierre-Miquelon was, at one time, a DOM; it
was changed to a TOM for reasons related to EU law.
 
Old Apr 21st 2003, 2:21 am
  #42  
Tristan Miller
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Default Re: Fun Question..

Greetings.

On Sunday 20 April 2003 14:55, Axqi Rqvst wrote:
    > The euro is legal tender in at least three (maybe four) dozen countries in
    > Europe, Africa, North & South America and Oceania.

And let's not forget one of the odder Asian examples: North Korea. The Euro
replaced the US Dollar(!) as the country's official currency as of 1
December 2002.

--
\\\ Tristan Miller [en, (fr, de, ia)]
\\\ http://www.nothingisreal.com/ (personal)
\\\ http://www.cs.toronto.edu/~psy/ (academic)
 
Old Apr 21st 2003, 7:47 am
  #43  
Heikki Kantola
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Axqi Rqvst informed
rec.travel.europe with the following:
    >> > The euro is legal tender in at least three (maybe four) dozen countries in
    >> > Europe, Africa, North & South America and Oceania.
    >> Which ones?
    >
    > 1. Most of the EU except GB, S, DK, as I recall
    >
    > 2. All (I think all) of ex-Yugoslavia (via their Currency Boards).
    > They used to use DMs.
    >
    > 3. The CFA zone: West Africa, including Mali, Equatorial Guinea and
    > all former French colonies and protectorates (Cameroon, Togo)
    >
    > 4. St Pierre-Miquelon, Guyane française, Martinique, Guadeloupe
    >
    > 5. CFP zone: Polynésie française

And don't forget that the euro is also used in some tiny, non-EU
countries. Monaco, San Marino and The Holy See of Vatican even have
minted (small number of) euro coins with their own national sides,
while Andorra hasn't done so, but then prior euro they also used both
French francs and Spanish pesetas.

--
Heikki "Hezu" Kantola,
Lähettämällä mainoksia tai muuta asiatonta sähköpostia yllä olevaan
osoitteeseen sitoudut maksamaan oikolukupalvelusta EUR100 alkavalta
tunnilta.
 
Old Apr 21st 2003, 8:01 am
  #44  
Axqi Rqvst
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On 21/04/03 20:47, in article [email protected],
"Heikki Kantola" wrote:

    > And don't forget that the euro is also used in some tiny, non-EU
    > countries. Monaco, San Marino and The Holy See of Vatican even have
    > minted (small number of) euro coins with their own national sides,
    > while Andorra hasn't done so, but then prior euro they also used both
    > French francs and Spanish pesetas.

Yes, I was so busy thinking of the esoteric ones that I didn't list those,
although I had them in mind yesterday in my 3-dozen count.

One can argue that having the euro as a reserve currency doesn't make it
legal tender, but I was trying to make a more important point than to
express myself in scientifically correct economists' terminology: that the
euro is supplanting the dollar in much of the world as the underpinning of
money (a new gold standard). The dollar is being pushed back to the Far
East, South Asia and the Americas.
 
Old Apr 21st 2003, 8:19 am
  #45  
Heikki Kantola
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Jens Arne Maennig informed
rec.travel.europe with the following:
    > Lester Mosley wrote:
    >>When you first went to Europe with the Euos,
    >
    > I stayed in Europe and the euros just showed up one day.

About same here.

    >>Did they seem like "play
    >>money" or "Monopoly" Money?
    >
    > No. You should have seen the wonderful Dutch Guilders notes before
    > the euro.

Or the latest batch of Finnish markkas¹, which perhaps weren't quite
as colourful as those Dutch bills, but these euro bills certainly look
quite pale...

¹ See for pictures,
although these images don't quite make justice for the real thing...
--
Heikki "Hezu" Kantola,
Lähettämällä mainoksia tai muuta asiatonta sähköpostia yllä olevaan
osoitteeseen sitoudut maksamaan oikolukupalvelusta EUR100 alkavalta
tunnilta.
 


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