Comments on: China needs a larger currency note http://chungkingmansions.com/2009/12/china-needs-a-larger-currency-note/ Wed, 14 Jul 2010 00:03:27 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Ken http://chungkingmansions.com/2009/12/china-needs-a-larger-currency-note/comment-page-1/#comment-21457 Ken Fri, 18 Dec 2009 09:55:30 +0000 http://chungkingmansions.com/?p=4024#comment-21457 Yeah but zimbabwe money isn't normal, while Korean and Mongolian money is normal economic non dead currency. Yeah but zimbabwe money isn’t normal, while Korean and Mongolian money is normal economic non dead currency.

]]> By: stephen http://chungkingmansions.com/2009/12/china-needs-a-larger-currency-note/comment-page-1/#comment-21429 stephen Fri, 18 Dec 2009 01:14:13 +0000 http://chungkingmansions.com/?p=4024#comment-21429 Well Ken, you <i>obviously</i> have never been to Zimbabwe when the Zimbabwean dollar was 7.1 million to $1 USD. I had to hire a moving company to bring all the bills required to buy a 6 pack of beer. Well Ken, you obviously have never been to Zimbabwe when the Zimbabwean dollar was 7.1 million to $1 USD. I had to hire a moving company to bring all the bills required to buy a 6 pack of beer.

]]> By: Ken http://chungkingmansions.com/2009/12/china-needs-a-larger-currency-note/comment-page-1/#comment-21346 Ken Thu, 17 Dec 2009 10:44:53 +0000 http://chungkingmansions.com/?p=4024#comment-21346 Considering on my recent trip to Beijing nobody wanted my 100 kwais, its probably a good thing. But You obviously have never been to Mongolia, where the biggest note the Togrog is 10,000 which is worth £4. Except when I went to change money at the spiv on the border they gave me 500 tong rog notes for the £200 I changed, I ended up carrying a brick all week. Korea is much the same, but at least they have a 50,000 note now, their 10,000 used to be worth $6. Uzbekistan is THE worst case, I changed £50 and ended up with a plastic bag full of bricks about the size of a CRT TV. Considering on my recent trip to Beijing nobody wanted my 100 kwais, its probably a good thing.

But

You obviously have never been to Mongolia, where the biggest note the Togrog is 10,000 which is worth £4.

Except when I went to change money at the spiv on the border they gave me 500 tong rog notes for the £200 I changed, I ended up carrying a brick all week.

Korea is much the same, but at least they have a 50,000 note now, their 10,000 used to be worth $6.

Uzbekistan is THE worst case, I changed £50 and ended up with a plastic bag full of bricks about the size of a CRT TV.

]]> By: stephen http://chungkingmansions.com/2009/12/china-needs-a-larger-currency-note/comment-page-1/#comment-21342 stephen Thu, 17 Dec 2009 03:36:33 +0000 http://chungkingmansions.com/?p=4024#comment-21342 Probably has a lot to do with it. On the other hand, I've heard that most counterfeiters now focus on smaller bills now (like 10s and 20s) because 100 RMB notes are almost always inspected. Probably has a lot to do with it. On the other hand, I’ve heard that most counterfeiters now focus on smaller bills now (like 10s and 20s) because 100 RMB notes are almost always inspected.

]]> By: Rose http://chungkingmansions.com/2009/12/china-needs-a-larger-currency-note/comment-page-1/#comment-21269 Rose Wed, 16 Dec 2009 06:30:38 +0000 http://chungkingmansions.com/?p=4024#comment-21269 I heard, from a completely unsubstantiated source (my husband), that its to combat counterfeiting. How/what/why? Beats me. I heard, from a completely unsubstantiated source (my husband), that its to combat counterfeiting. How/what/why? Beats me.

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