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We need a £100 Pound note

Stuff is costing more and more money due to inflation.

£5 in 2016 is worth half as less as what it was in 1990.

£20 notes are too small, and £50 notes are rare

I think we should get rid of £5 notes and create a £5 coin.

And create a £100 note

£50 should become the new £20 note

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No we don't.
Original post by Asuna Yuuki
No we don't.


Yes we do
Reply 3
Avatar for TeeEm
TeeEm
19
definitely
Original post by CreamyChocolate
Yes we do


Generally, we don't pay for anything super expensive with large amounts of cash. Everything is done though cards and online payments, and I've never paid for anything over around £50 with cash.

You said '£50 notes are rare' - why do you think that is?
Zimbabwe inflation game too strong

(edited 8 years ago)
Original post by Asuna Yuuki
Generally, we don't pay for anything super expensive with large amounts of cash. Everything is done though cards and online payments, and I've never paid for anything over around £50 with cash.

You said '£50 notes are rare' - why do you think that is?


Switzerland have a 1000 franc note worth over £600

There is the Euro 500 note worth £400

And Jersey - a tiny island - have a £100 note

And yet, we are afraid of using £50 notes?


Original post by CreamyChocolate
Switzerland have a 1000 franc note worth over £600

There is the Euro 500 note worth £400

And Jersey - a tiny island - have a £100 note

And yet, we are afraid of using £50 notes?




You know we have £million notes and £100 million notes... right?

It's your fault if you're just using the chump change :colonhash:
Original post by CreamyChocolate
Stuff is costing more and more money due to inflation.

£5 in 2016 is worth half as less as what it was in 1990.

£20 notes are too small, and £50 notes are rare

I think we should get rid of £5 notes and create a £5 coin.

And create a £100 note

£50 should become the new £20 note


Yeah, so it's easier to get mugged trying to buy a shirt from Topman.

£50 notes are rare because nobody carries enough or is stupid enough to carry them around in their wallets.

This is why we have credit and debit cards.

Jersey may have a £100 note but I challenge you to find a dozen normal people there who use them on a daily basis.
I'm a teenager and I pay for things over £100 in cash. My family buys houses in cash :')


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(edited 8 years ago)
Original post by Architecture-er
You know we have £million notes and £100 million notes... right?

It's your fault if you're just using the chump change :colonhash:


They're not in circulation

They're locked in the Bank of England vault

I'm talking about money we use everyday
Original post by CreamyChocolate
They're not in circulation

They're locked in the Bank of England vault

I'm talking about money we use everyday


Oh my sweet (poor) summer child...

How do you think I buy my yachts whilst avoiding VAT? Suitcases of money are so 20th century
They are talking about withdrawal of the large denomination notes in pretty much every western culture due to something like 95% being used in organised crime

Afaik Scotland still has a £100 note?

As soon as you have a low number of high value notes, forgery becomes an issue due to people not knowing what a genuine one looks like. I like cash, but don't agree about high value notes are needed
Original post by domonict
They are talking about withdrawal of the large denomination notes in pretty much every western culture due to something like 95% being used in organised crime

Afaik Scotland still has a £100 note?

As soon as you have a low number of high value notes, forgery becomes an issue due to people not knowing what a genuine one looks like. I like cash, but don't agree about high value notes are needed


A low number of high value notes would decrease forgery as people are less inclined to accept that without fully checking them first

If there are lots of high value notes in circulation, people will just accept them - like they do with low value notes.
Reply 14
Avatar for Andy98
Andy98
20
Why? It's pointless

Posted from TSR Mobile
Original post by Andy98
Why? It's pointless

Posted from TSR Mobile


Because our currency does not reflect the prices of our economy

notes are too low face value and we need more and more of them to pay for simple things

So I think we should accept inflation and update the value of our notes before things really do get out of hand

Soon we will need bucket full of cash just to pay for a loaf of bread
OP is lacking with technology. Credit and debit card m8.
Original post by CreamyChocolate
Stuff is costing more and more money due to inflation.

£5 in 2016 is worth half as less as what it was in 1990.

£20 notes are too small, and £50 notes are rare

I think we should get rid of £5 notes and create a £5 coin.

And create a £100 note

£50 should become the new £20 note


How high do you think inflation is???????
Reply 18
Avatar for Andy98
Andy98
20
Original post by CreamyChocolate
Because our currency does not reflect the prices of our economy

notes are too low face value and we need more and more of them to pay for simple things

So I think we should accept inflation and update the value of our notes before things really do get out of hand

Soon we will need bucket full of cash just to pay for a loaf of bread


Ahhhh, printing more money is not the solution - it will only worsen the problem

Posted from TSR Mobile
£1 notes are cooler.

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