The Pudding has published a picturesque visual essay reviewing the famous people featured on banknotes. Based on an analysis of 236 banknotes from 38 countries, the authors conclude that:
Keesing looks at gender equality on banknotes and estimates that the share of women featured on denominations has grown from 12% in 2019 to 17% today. A positive albeit insufficient trend. The article celebrates the commemorative version of the Ukrainian 200 hryvnia A banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. featuring the poet and writer Lesya Ukrainka.
Yahoo reports that a sports arena in Massachusetts (USA) plans to require cash-paying consumers to load their cash onto pre-paid cards before paying in card-only shops. Massachusetts state law clearly says retailers can’t discriminate against people who want to pay with cash, but the law’s strength depends on how the Attorney General intends to enforce it. Consumer advocates argue that retailers are required to accept cash. Meanwhile, the Payment Choice Act of 2021 has been recently introduced in the US Congress. If enacted, the law would prohibit retail establishments from refusing cash nationwide.
The Times of India provide a comprehensive analysis of cash A transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. limitations in India. “Section 269ST of the Income Tax Law imposes a Rs 2 lakh [Rs 200,000 or US 2,627] restriction on cash transactions per day”, meaning that no person can receive the above amount or more in aggregate from another person concerning a single transaction or multiple transactions connected to one event. The beneficiary incurs a penalty equalling the amount of cash received. The article details other limitations—for instance, a cap at Rs 2,000 or USD26 for cash donations to political parties.
The ability of both retailers and consumers to deposit cash into their bank accounts is a crucial part of access to cash. According to an ATMIA survey, an overwhelming majority of respondents support the adoption of Universal Cash Deposit (UCD) at ATM networks. Universal Cash Deposit is an interoperable system for accepting cash deposits within ATM networks. UCD operates on an “interbank” basis: a customer from one bank may deposit cash at ATMs owned and operated by other banks or by independent ATM deployers. 68.5% of the survey respondents support Universal Cash Deposits at ATMs, with 32% of the respondents coming from IADs; about 20% from Financial Institutions, banks and credit unions; just under 10% from manufacturers; 20% from service-providers, 8% from third-party business partners; the rest of the respondents coming from network processors and CiT.
Banknote World recalls the history of the Zimbabwe Monetary unit of the United States of America, and a number of other countries e.g. Australia, Canada and New Zealand..
Techzim reports that the Minister of Finance of Zimbabwe has announced the introduction of a new $100 note. The country has faced 60% annual inflation in 2021, which has led to currency depreciation. In April 2022, the highest Each individual value in a series of banknotes or coins. note, the $50, is worth 17 cents on the black market. In 2009, Zimbabwe scrapped its currency following a period of hyperinflation and relied on a range of foreign currencies until 2016, when a bond note pegged to the US dollar was introduced.
According to Newsweek, a sculpture by Julia Bugram is on display up in the heart of the Austrian capital Vienna. “Raising Hands” is made of one million one-cent coins worth €100,000 and weighs up to four tons.
Banknote World reviews how some central banks turn shredded banknotes into collectable items. A soda-sized Ten straps are commonly called a brick. In other words, a brick is a thousand notes. See Strap. of shredded Saudi Arabia 500 Riyal banknotes sells for $25.
In Japan, “a record 19.7 billion yen ($160 million) in lost cash was reported to police nationwide in 2019. Even in 2020, when people were encouraged to stay in for long periods due to the coronavirus pandemic, 17.7 billion yen (about $144 million) in cash got turned in, 3.6 billion yen (about $29 million) more than in 2010,” The Mainichi reports. One explanation is that older people living alone store cash in their homes; when they pass away, the From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... regularly ends up in the trash, later discovered and reported to the police.