Monetary denominations...

[Kaak]

Anyone know why the denominations in so many countries are the same? even the change...is there a historical reason???

[mrmitchell]

Most of the countries you're thinking of use the same numeral system, too, and when we're counting by 10s we might as well use denominations in 10s (one cent, one dime, one dollar, ten dollars, one hundred dollars). That's pretty much the most standard part of it--after that it gets down to what was historical or what was useful.

[St Leo]

/me recalls 3 Ruble bills with fondness

It's sheep mentality among countries, really. They all used to have stupid systems, and then everyone slowly started switching to the hundred-oriented one.

100 = 2 * 2 * 5 * 5

Ergo, the following are plausible bill denominations: $2, $4, $5, $10, $20, $25, $50

Since $4 does not go into $10, it's not used much.

[KrazyHorse]

2*5 = 10

That's all you have to know

[Urban Ranger]

Are there any $25 banknotes? I haven't seen any.

[Provost Harrison]

1p, 2p, 5p, 10p, 20p, 50p, £1, £2, £5, £10, £20, £50 (rarely used)...that's what you get here...

[DeathByTheSword]

in the netherlands we had before the euro

0.05 0.10 0.25 1.00 2.50 (<--coins) 5.00 (<---both) 10 25 50 100 250 1000 (<---paper) gulden

and very colourfull paper...and i dont want to sound nostagic but they were the best ones i ever saw... the euro papers a way so dark

[Provost Harrison]

That's what cracks me up about the UKs 'Keep The Pound' campaign, we've only had the present system since the early 70s The previous system with pounds, shillings and pence looked ridiculously complicated...

[Winston]

Provost Harrison, what you're saying makes very little sense. A campaign to keep the Pound has very little to do with the change of the 1970's. It's not like the Pound was introduced at that time.

Anyway, in Denmark we have 1 krone = 100 øre. 1 krone is roughly .12 € IIRC.

Coins:

.25 kr.
.50 kr.
1 kr.
2 kr.
5 kr.
10 kr.
20 kr.

Notes:

50 kr.
100 kr.
200 kr.
500 kr.
1,000 kr.

[molly bloom]

Coins I miss- the halfpenny, the farthing, the sixpence, the thruppenny bit, the shilling, the half-crown, the half guinea and the guinea.


I also miss the ten-bob note, too. Pound note, not so much.

[CerberusIV]

Originally posted by molly bloom
Coins I miss- the halfpenny, the farthing, the sixpence, the thruppenny bit, the shilling, the half-crown, the half guinea and the guinea.


I also miss the ten-bob note, too. Pound note, not so much.

A lot of the nostalgia (mine certainly) for the old British currency is that a coin would actually buy you something. Now even pound coins are small change. You could not ignore a handful of pennies and ha'pennies - because they weighed so much. That was before the evil Bank of England shrank them into oblivion.

The UK really should go for the euro - so much simpler. I've been in France, Spain and now Ireland in the last few months and not had to worry about changing money at all. Having lost proper coins and notes with decimalisation they might as well go the whole way.

[pchang]

Countries have systematically gotten rid of the their largest denomination notes in order to make money laundering more difficult for the criminal element.

[Zoid]

In sweden there´s:

1 krona = 100 öre

Coins

0.5
1
5
10

Notes:

20
50
100
500
1000

We used to have a lot more coins, but they´ve been discarded. Mostly because of inflation. [nostalgic old geezer mode] When I was a kid we had 5, 10 and 25 öre coins. In the mid 70´s you could still buy toffee for 5 öre/piece... We had 5 and 10 kronor banknotes also.

[Az]

we don't have .20 coins, nor 2 NIS coins.

we have only
coins:
.05
.1
.5
1
5
10
notes:
20
50
100
200

and given our currency is 1 USD to 4.3 NIS, the biggest note isn't all that big

What always confused me is the abundance of American notes...

[Dauphin]

Originally posted by Winston
Provost Harrison, what you're saying makes very little sense. A campaign to keep the Pound has very little to do with the change of the 1970's. It's not like the Pound was introduced at that time.

The current pound was introduced in ~1971, it just happened to have the same name as the old pound. It could have been renamed Dollars, as in Australia. The point PH was making, was that by a twisted popular logic, the UK population would probably accept the €uro as long as it was renamed Pound. The technicalities of what it actually is doesn't matter as long its got a good branding name.