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Started by Bimat, September 04, 2011, 07:49:42 AM
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Quote from: Bimat on September 04, 2011, 07:49:42 AMThe Bank of England is considering a plastic fiver
Quote from: FosseWay on September 04, 2011, 03:45:25 PMIf we do, traders should be legally bound to accept it, and any other sterling banknotes, in payment. The legal tender rules should be revised so that it is an offence to refuse payment in standard coins and notes of the realm, subject to reasonable limits on how much small change you can dump on someone at a time, and how much change it's reasonable to expect e.g. a market trader or bus driver to give if you tender a large note for a small purchase.
Quote from: FosseWay on September 05, 2011, 05:53:05 PM(a) Stop making 1p/2p coins but for them still to be theoretically usable -- this leads to the uncertainty I mentioned earlier, where you can't predict in advance whether your penny will be accepted or whether you'll get a penny in change. This appears to be the situation in much of the eurozone, and was certainly how it worked in pre-euro Italy; I was given 10-lire coins by the bank when I was paid my wages but could never spend them.
Quote from: coffeetime on September 05, 2011, 06:55:54 PMSo Swedish rounding is all positive, in my view.
Quote from: FosseWay on September 05, 2011, 09:45:51 PMThis is another reason why I support Icelandic rounding over Swedish.
QuoteAdopters of the notes include Canada, whose last central bank governor - Mark Carney - is now the governor of the Bank of England.