Re:Sugar industry secretly paid for favorable Harvard research
by dijit on Tuesday September 13, 2016 @06:16AM
(#12486777)
FWIW: I used to pay my rent in cash to my roommate. (€1,000) and the ATMs happily handed out €500 notes in Finland.
But I also like to keep an "emergency fund" of high denomination currency in a spare hidden wallet, in that wallet I have 10x£50, 1x€500 and 10x500SEK.
My wallet would be easier to carry if I had just one of each note type instead of 10.
Re:Sugar industry secretly paid for favorable Harvard research
by 77pt77 on Tuesday September 13, 2016 @07:07AM
(#12486973)
> Most shops here in Finland don't accept 200€ or 500€ notes at all.
Is this legal?
I ask because usually they have to accept them by law but can refuse change or something like that.
Re:Sugar industry secretly paid for favorable Harvard research
by aninhumer on Tuesday September 13, 2016 @08:23AM
(#12487469)
I don't think that anywhere requires particular denominations to be accepted by law. If you're referring to "legal tender" laws, or similar, that's to do with settlement of debts.
Re:Sugar industry secretly paid for favorable Harvard research
by 77pt77 on Tuesday September 13, 2016 @08:46AM
(#12487654)
Several countries in Europe undoubtedly require businesses to accept all denominations of euros with the qualification of denying change (for obvious reasons, try paying 10EUR with a 500EUR bill).
Some places limit the number of coins you can use (there were people paying fines with hundreds of coins).
Basically any time I've had to use 200€ or 500€ notes they have basically gone quite directly from bank -> my wallet/envelope -> give some guy (buying an used car for example). The same operation could have been done easily with 50€ or 100€ notes. 500€ notes just makes it easier use/harder to spot usage of large amounts of cash. If you are doing it legally you aren't loosing anything by using 20, 50 or 100€ notes.