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Quality of Banknotes

Discussion in 'off topic' started by Bjork67, Sep 24, 2021.

  1. Le Baron

    Le Baron pfm Member

    This is for greasing your palm.
     
    Dogberry likes this.
  2. PaulMB

    PaulMB pfm Member

    There is nothing wrong with cash. All that stuff about "safety" and "convenience" is mostly useful to the financial institutions that run credit cards, and make money out of it. I find cash very convenient, don't have to muck about with card readers and codes, the person you are paying is generally happier, and nobody is tracing the way you spend your money. Also essential in flea markets.
    As for stamping out tax evasion, I suppose to some extent it works, on a very low level, but tax evaders have all sorts of ways of evading.
     
    BTC3 likes this.
  3. richardg

    richardg Admonishtrator

    Right. I only assume it gets the skim of the scamming. But it's possibly driven by the stores here, not consumers. Most people in Germany are employees compared to UK (entrepreneurial flare does not seem so evident for some reason) so they don't have as many opportunities to fiddle. There's no reason for them to want to avoid cards. But for the small business is a different matter innit.
     
    Snufkin likes this.
  4. Le Baron

    Le Baron pfm Member

    True. All really large purchases are done with credit transfers, and always have been. Cash is for smaller purchases and as such not a major source of tax dodging. In aggregate? Probably not even that.
     
  5. robbyd

    robbyd pfm Member

    A friend of mine didn't like the plastic 20 notes when they came in ... said they scratched his nose ;)
     
    wow&flutter and Guinnless like this.
  6. Colin L

    Colin L High-tech low-life

    Bank notes? never been the same after we left the Gold Standard. Bah humbug.
     
  7. cobbers

    cobbers pfm Member

    Can't use your credit or debit card either then;)
     
  8. gintonic

    gintonic 50 shades of grey pussy cats

    not handled cash in about three years
     
  9. Musicman19

    Musicman19 Active Member

    Its Clevedon North Somerset
     
  10. Eyebroughty

    Eyebroughty JohnC

    Only use cash to pay for getting my hair cut, cashline every 6 months to cover the haircuts, thought the £20 notes were monopoly money, they are tiny, same as what you can buy with them now :(
     
  11. BTC3

    BTC3 pfm Member

    The current generation of GBP banknotes are printed on a polypropylene material. You can’t print the detailed image of the note on that in its natural state, so it received a special ink adhesion layer as a primer, then the print, then a layer of protective varnish over that. Where paper notes get dirty, these plastic ones “wear” aka the ink rubs off. It just happens. Where the Bank of England and the manufacturer say they last longer, it’s to do with them not getting dirty (the “wear” takes longer than paper notes get dirty) and the plastic being less easy to tear unless you give it a head start. So you being able to scrape the ink off is unfortunate, but not unheard of. To check if it’s real, take a close look at the hologram, and the letters/colour combination that appear on both sides of the note. It was so much easier with paper notes that had a watermark and a security thread, but apparently plastic notes are progress.

    Nope, same printer as always, and the plastic notes are, per unit, more expensive per piece than the paper ones.

    It’s an absolutely tiny percentage of the process, and you’d be hard pressed to find any trace of it on the note. It’s used as a lubricant in the extrusion of the plastic that forms the sheet on which the note is printed. Alternatives, like palm oil, were investigated as replacements, but you open up a whole other can of worms if you go down that route. I think retaining the tallow was seen as the lesser of the available evils.
     
    paulfromcamden likes this.
  12. cobbers

    cobbers pfm Member

    IIRC 0.05%
     
  13. Le Baron

    Le Baron pfm Member

    Only a tiny percentage of issued money is represented physically. Likely even less these days than when issue was more throttled...cashless payments and all.
     
  14. BTC3

    BTC3 pfm Member

    Indeed, the quote is “less than 0.05%”, which puts it at less than 0.04g per note. I’m not suggesting it doesn’t offend sensibilities, but it’s been in the manufacturing process since it was invented in the 1980s and an effective alternative hasn’t yet been found.
     

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