Re:Cash payments above €3000 to be outlawed in Netherlands
by toast0 on Wednesday August 23, 2023 @11:58AM
(#37238045)
Yeah, that makes sense. Coins are clearly more durable, and for denominations that are handled frequently in places without access to federal reserve replacement, durability wins over preference / aggregate weight and volume.
In mainland US, preference for paper $1s isn't unduly burdensome. As a merchant, deposit the worst of the $1s and use the rest as change, no big deal. As a consumer, if someone doesn't take your grimy, half torn $1, try it a couple more places and then take it to a bank (perhaps even your bank). But it's unsurprising that doesn't really work for El Salvador.
In mainland US, preference for paper $1s isn't unduly burdensome. As a merchant, deposit the worst of the $1s and use the rest as change, no big deal. As a consumer, if someone doesn't take your grimy, half torn $1, try it a couple more places and then take it to a bank (perhaps even your bank). But it's unsurprising that doesn't really work for El Salvador.