Re:Cash payments above €3000 to be outlawed in Netherlands
by toast0 on Wednesday August 23, 2023 @11:04AM
(#37237165)
> nearly every dollar bill I've had in the US has been grimy and darkened and felt like it was three seconds from falling apart.
Yeah, that's how they are, but feeling like they're going to fall apart and actually falling appart are two different things.
> Though your $20 notes are usually in excellent condition for some reason compared to the british equivalent.
$20 bills tend to get picked up at the bank, spent at a merchant, and deposited at a bank. Banks will send worn notes to be retired. Many businesses don't take bills larger than $20, so don't use $20s to make change. It's uncommon to pay vendors and employees in cash, so merchants end up with a surplus of $20s that need to be deposited.
$1 bills are used in change, so they tend to get exchanged frequently. Few consumers will deal with $1s at a bank, and many businesses won't ever deposit them, but may need to make withdrawls in $1s so they can make change. They tend to pass through many hands before they get back to a bank where their condition can be checked.
Yeah, that's how they are, but feeling like they're going to fall apart and actually falling appart are two different things.
> Though your $20 notes are usually in excellent condition for some reason compared to the british equivalent.
$20 bills tend to get picked up at the bank, spent at a merchant, and deposited at a bank. Banks will send worn notes to be retired. Many businesses don't take bills larger than $20, so don't use $20s to make change. It's uncommon to pay vendors and employees in cash, so merchants end up with a surplus of $20s that need to be deposited.
$1 bills are used in change, so they tend to get exchanged frequently. Few consumers will deal with $1s at a bank, and many businesses won't ever deposit them, but may need to make withdrawls in $1s so they can make change. They tend to pass through many hands before they get back to a bank where their condition can be checked.