***banknotes***Yes John, New Zealand has different sizes. I've wondered how blind people in the USA know which value note they have. Even being able to see, they all look the same.
Australia has plastic money, of different sizes. India has very very rumpled paper money, not actually worth much at all - people compete to get small denomination notes and are very reluctant to part with them due to the shortage. Japanese have dirty great wads of cash in their wallets, peeling off 10s of thousands of yen at a time no sweat, paper and different sizes for different denominations. They don't use credit cards so much and banks are inefficient.
By having play money instead of 'real' money, we keep in perspective that they really are just reconstituted trees, of a value comparable to newspaper in material value. You can't actually go to the Fed who issued them and get any material thing in exchange, such as gold, which they could give you in the bad old days.
I heard that Japan has umpty billion or trillion US$ collected over decades of selling lots of cars, cameras, electronic gizmoes and stuff. What do you think would happen if they decided to sell a few billion or a couple of trillion of them, buying back all the yen hanging around the place? That should move a few currencies around and alter the relative voltages between economies. Careful Limtex - they might decide they don't need anyone telling them what to do!
Mqurice |
