Currency Denominations

[Foreigner]

strippers?

Gratuities and they would outstrip, as it were, cost of seeing a typical strip show, i reckon.

 

[Hvr]

If you have say AUD20k in your carry on, how do people catch you?

Well it might be seen on the security x-ray as you go airside or a cash sniffing dog may detect it. Or if you withdraw it from the bank they may alert authorities who will look at your future travel and have a chat with you once airside.

 

[mooingchicken]

If you have say AUD20k in your carry on, how do people catch you?

Same as drugs really, they have sniffer dogs trained to detect money, obviously the more of it the stronger the smell. Oh course im sure there is a lot of people who carry over the allowed amount daily, but just don't get picked up. Xray it shows up as black rectangles. Or if they randomly pick you to check you out, that's when you might get caught.

 

[Isochronous]

Well it might be seen on the security x-ray as you go airside or a cash sniffing dog may detect it. Or if you withdraw it from the bank they may alert authorities who will look at your future travel and have a chat with you once airside.

Cash-sniffing dogs! I never knew these existed before. So it looks like they sniff ink. Clever. Presumably in Australia the Customs Department also has dogs that can smell the polymer notes we use.

 

[wooley]

Cash-sniffing dogs! I never knew these existed before. So it looks like they sniff ink. Clever. Presumably in Australia the Customs Department also has dogs that can smell the polymer notes we use.

In the top of the BNE carpark the other week there was 5 or 6 AFP dog wagons training dogs, hiding packages of what I assume was contraband in people's vehicles and letting the dogs find them.

Never seen a happier hound than when the little bloke found a big white package in the bumper of a ute.

 

[amaroo]

If you have say AUD20k in your carry on, how do people catch you?

This is what I call carry on!

 

[seanpodge]

The €500 might look cool, but because of its potential use by organised crime several countries in the Eurozone don't even print it. Also, because of the risk of forgeries, quite a number of businesses will reject it anyway.

In China, the highest denomination is ¥100 (about A$20). China really needs a bigger denomination note. Probably a ¥500 would be best.

 

[Isochronous]

The €500 might look cool, but because of its potential use by organised crime several countries in the Eurozone don't even print it. Also, because of the risk of forgeries, quite a number of businesses will reject it anyway.

In China, the highest denomination is ¥100 (about A$20). China really needs a bigger denomination note. Probably a ¥500 would be best.

HK has a $1,000HKD note but there was a forgery made of the Bank of China printed ones last year, and now a lot of shops display signs saying they won't take that specific $1k note, whilst others say no $1k notes whatsoever.

 

[whatmeworry]

Yeah. Pull the other one. It's called means testing. I know ( personally) of one such hoard of no less than $350,000 !!

One of my friends father, stashed 20k of paper notes years ago in the roof... One day he checked his stash to find most was eaten by rodents. They took the remnants to the bank and who could only reissue 500 dollars.

 

[anat0l]

One of my friends father, stashed 20k of paper notes years ago in the roof... One day he checked his stash to find most was eaten by rodents. They took the remnants to the bank and who could only reissue 500 dollars.

Ouch! Hopefully rats don't like polymer.

One of the other main issues with keeping money like that is sometimes old issues of currency notes are deprecated from public circulation. There's usually a directive which gives the dates of which:

• An issue of note is legal tender,
• An issue of note is no longer legal tender but can be exchanged at face value for a newer issue note,
• An issue of note is no longer legal tender and cannot be exchanged.

 

[Deleted member]

Unless sold for more than face value to a collector.