What reasons for having $100 notes?

[here2go]

Cash is cash, but $100.00 in one note makes less impact that 5 $20.00's in my wallet.

Or your briefcase of cash
500 euro notes withdrawn over organised crime fears - Telegraph

 

[Deleted member]

Perhaps another thread could explore the amounts and different currencies AFF's keep as a matter of course.
I know Mrs GPH has at least 5 and has had as many as 8 or 9 currencies on hand, usually equal to a few hundred in Aussie $ , Her argument being in case she is asked by someone at short notice to travel........ I should be so lucky.
And I don't mean keeping a few old notes from past travels


It is I, Leclerc !

 

[anchew]

Don't tell the RBA but I think I know where those $100 bills went...
http://www.australianfrequentflyer....ion/which-credit-card-39674-2.html#post677828

 

[samh004]

Agree entirely. Just don't know any pensioners with a single $100 note

Good point actually, know a few pensioners here and never seen a single $100 bill on them… then again if the article is to be believed, they're hiding them somewhere anyway

 

[TonyHancock]

There is such a thing as a $100 note? How do you get FF points from one?

 

[Hvr]

Of course with new designs proposed the "old" style notes will become obsolete.

The introduction of new designs is actually a very good way to deal with counterfeiting issues and thwart the hoarding of notes. Too much attention if you bring out a large amount of them without explanation.

 

[medhead]

Of course with new designs proposed the "old" style notes will become obsolete.

The introduction of new designs is actually a very good way to deal with counterfeiting issues and thwart the hoarding of notes. Too much attention if you bring out a large amount of them without explanation.

Hardly. They can't destroy the value of people's money. They have to still redeem the notes and/or swap them. All of the old paper money notes can be redeemed and remain legal tender.


Sent from the Throne

 

[Hvr]

Hardly. They can't destroy the value of people's money. They have to still redeem the notes and/or swap them. All of the old paper money notes can be redeemed and remain legal tender.


Sent from the Throne

Of course they are still legal tender, as is pre-decimal currency. However, my point is that if you use one or two notes no one will be fussed. But if you have $100,000 in 'old' style notes then you will find it very hard to change them to 'new' style notes without answering some very pointed questions from a law enforcement agency of some type.

Heck if you withdraw >$10,000 cash from a bank it is reported to Austrac (?).

 

[SteveJohnson]

Can't remember the last time I got $100, maybe it was the last time I withdrew money over the counter at a bank, and that's going back a long way.

Mind you, Ben Sandilands makes a good case for using high-value notes when you check into a hotel and they want money up front to cover "incidentals":

How to big (bank) note yourself yet avoid identity theft | Plane Talking

 

[cove]

Have heard of the old grey hundred dollar notes having a bit of an earthy tin smell. That means someone had them buried for a while.
Was paid 150 notes by a Chinese student who was buying a car which was a surprise.

 

[QF1]

Have heard of the old grey hundred dollar notes having a bit of an earthy tin smell. That means someone had them buried for a while.
Was paid 150 notes by a Chinese student who was buying a car which was a surprise.

Had i known this student...I would have taken the cash and would have paid for his car using my CC...that way I have the cash and the points too

 

[lovestotravel]

Can't remember the last time I got $100, maybe it was the last time I withdrew money over the counter at a bank, and that's going back a long way.

Mind you, Ben Sandilands makes a good case for using high-value notes when you check into a hotel and they want money up front to cover "incidentals":

How to big (bank) note yourself yet avoid identity theft | Plane Talking

Handing over cash to a hotel instead of a credit card - No thanks

Cash easily goes missing

 

[lovestotravel]

Had i known this student...I would have taken the cash and would have paid for his car using my CC...that way I have the cash and the points too

Nice

 

[Deleted member]

Frankly I think there should be some $1000.00 notes


It is I, Leclerc !

 

[cove]

Yes that would help the black economy with their storage problems!

 

[medhead]

Of course they are still legal tender, as is pre-decimal currency. However, my point is that if you use one or two notes no one will be fussed. But if you have $100,000 in 'old' style notes then you will find it very hard to change them to 'new' style notes without answering some very pointed questions from a law enforcement agency of some type.

Heck if you withdraw >$10,000 cash from a bank it is reported to Austrac (?).

Or you take $5000 to 20 banks.

 

[lovestotravel]

I have $100 notes (or larger) when I travel and break them down at a hotel's front desk upon arrival

I use them in Australia when gambling and paying cash for items

 

[mrs.dr.ron]

I always have a couple in my purse ... for just in case ... I see a nice pair of shoes and they dont take drrons credit card.