Discussion to stop use of US $1, $2 and $5 notes

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lostjeremy
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Discussion to stop use of US $1, $2 and $5 notes

Post by lostjeremy »

National bank met with bank CEOs today to discuss the discontinuation of issuing and using US currency $1, $2 and $5 notes. No outcome announced yet.Image

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John Bingham
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by John Bingham »

Stopping the use of $2 notes is going to have a huge effect. :?
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phuketrichard
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by phuketrichard »

very stupid idea UNLESS their trying to get people off the $ to the riel
buy something for $2 and give them a $10 and u get back 32,000 +- reil
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by Bluenose »

maybe we will be using 10 and 50 Yuan notes instead by next year
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by Bitte_Kein_Lexus »

phuketrichard wrote:very stupid idea UNLESS their trying to get people off the $ to the riel
buy something for $2 and give them a $10 and u get back 32,000 +- reil
They've been fairly actively trying to do that for years...
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IraHayes
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by IraHayes »

Bluenose wrote: Thu May 28, 2020 5:03 pm maybe we will be using 10 and 50 Yuan notes instead by next year
Many a true word spoken in jest!
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by angkorjohn2 »

a bit of pathetic jingoism going on, some more faux national pride, use the riel not the dollar! they will never wean themselves off the dollar, it is too important to their economy, not to mention how their bank accounts are stuffed with them. Imagine a Cambodia full of riel without the luxury of pegging itself to the dollar, the whole country would collapse, unless the move is indeed to go to the yuan.
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nemo
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by nemo »

Johnny Chinaman will exchange their currency for all USD quite happily.
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fazur
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by fazur »

nemo wrote: Thu May 28, 2020 5:48 pm Johnny Chinaman will exchange their currency for all USD quite happily.
https://www.google.com/search?q=us+bond ... e&ie=UTF-8

China has steadily accumulated U.S. Treasury securities over the last few decades. As of December 2019, the Asian nation owns $1.07 trillion, or about 5%, of the $23 trillion U.S. national debt, which is more than any other foreign country.

dont johnny chinaman own a very sizable percentage of us bonds?
https://foreignpolicy.com/2020/05/14/ch ... ecoupling/
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Re: Discussion to stop use if US $1, $2 and $5 notes

Post by mcam »

Already people at the local market refusing to take $5 notes because of this, how stupid :facepalm:
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