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Bank Notes facts

While investigating facts about Banknotes and Banknotes For Sale, I found out little known, but curios details like:

There is 2.5 million of Zero Rupee bank notes in India. They are "paid" in protest by angry citizens to government functionaries who solicit bribes

how bank notes are made?

A man robbed $1 from a bank so he could be sent to prison and receive medical care. He handed a teller a note demanding a dollar, then waited calmly on a sofa for police to arrive.

What bank notes are out of circulation?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what bank notes are changing. Here are 50 of the best facts about Banknotes Of The World and Bank Notes Uk I managed to collect.

what bank notes are going out of circulation?

  1. In Australia, torn bank notes are worth the proportion of the note left. Half a $20 note is worth $10

  2. Immediately after Pearl Harbor the US treasury issued specialized 'over print' bank notes for the Hawaiian market. In the case of an invasion all the seized cash would be rendered worthless.

  3. The Canadian $1,000 bill was retired on May 12, 2000, for being mostly used in criminal transactions, any $1,000 note deposited at a bank is destroyed, although the bills — nicknamed “pinkies” by gangsters because of the pinkish-purple ink — remain legal tender.

  4. Two Canadian schoolboys hacked into an ATM using a manual found online. It took them so long to convince the bank they were serious, they were late back to school. So the bank wrote them a note.

  5. The largest bank heist in history was $920 Million. Qusay Hussein walked into the Central Bank of Iraq with a handwritten note signed by his father Saddam Hussein, and was hauled out in 3 semi-trucks.

  6. A retired man from Kansas robbed a bank in 2017 but stuck around until the police showed up. He left a note to his wife saying he'd rather be in jail that at home with her. He was sentenced to house arrest.

  7. In November 2002 the actor Don Johnson was stopped while trying to enter Germany. In his trunk was a briefcase with bank notes and other securities worth $8 Billion USD. When asked what he was doing, Johnson said he was going to the Mercedes factory to look at a car.

  8. The 1865 $20 US national bank note had an image Pocahontas on it.

  9. Despite billions of pounds worth with being printed and used every year, there is no legal tender paper money in Scotland, even Scottish bank notes are not legal tender in Scotland

  10. Hyperinflation in Zimbabwe got so bad, and the currency was worth so little that the Reserve Bank of Zimbabwe issued bank notes with values as high as One Hundred Trillion Zimbabwean Dollars.

bank notes facts
What bank notes are not legal tender?

Why were banknotes invented?

You can easily fact check why collect banknotes by examining the linked well-known sources.

The most valuable bank note still being put into circulation is the 10,000 Bruneian Dollar bill, which is approximately 7,340 US Dollars

A £1,000,000 and £100,000,000 banknote exists from the Bank of England. Whilst offically non-circulating, the notes were traded between banks which led to a robbery in 1990, where £292 million were stolen. 2 of the £1,000,000 notes are still unfound. - source

The £1,000,000 and £100,000,000 pound notes, they are used only internally within the Bank of England and are never seen in circulation. - source

In Northern Ireland, the Danish bank Danske Bank prints £ pound sterling notes with its corporate logo on them. This is because certain banks in Scotland and Northern Ireland are allowed to print their own bank notes - source

When do old bank notes expire?

The European Union released a zero euro bank note for pure collective purposes. The bill itself has no value as it’s denomination states. However, it is printed on genuine currency paper and has many of the same security features present in the other euro bank notes.

How to get new notes from bank?

United States currency is not backed by gold or any other commodity. Under the Federal Reserve Act, Congress specified that Federal Reserve Banks must hold collateral equal in value to the notes in circulation. That collateral is government-sponsored enterprise securities.

The European Central Bank decided to print fictional bridges on the Euro notes, to avoid favoring particular member states. A developer in the Netherlands built all of the bridges printed on the notes.

While many Canadians claim that the newer bank notes smell of maple, the Bank of Canada denies ever having added a fragrance.

The bank notes in Israel have braille on them, enabling the blind to identify their money properly.

There used to be legal $500, $1000, $10,000, and $100,000 bank notes (bills) printed in United States.

When is bank of england 20 pound notes discontinued?

The Bank Note Musuem, high quality pictures of almost all currency every printed.

Australia was the first country in the world to have a complete system of bank notes made from plastic (polymer). These notes provide much greater security against counterfeiting. The polymer notes are cleaner than paper notes, are more durable and easily recyclable.

Prior to 1861, Santa Clause appeared on numerous bank notes in the United States. The use of his image was one of the first ways Christmas was introduced to American society.

The Giant and the Titan, bank notes worth £1 million and £100 million

Since 1990, Bank of England notes unfit for circulation are 'shredded and compressed into bricks which are then used in agriculture'

How to exchange torn notes from bank?

Following a £26.5million pound bank robbery, Northern Bank recalled £300million worth of bank notes of £10 or more and reissued them with a different design.

Operation Bernhard was a successful effort by Nazi Germany to forge British bank notes. Originally intended to collapse the British economy it was re-targeted to help finance German intelligence operations. £100,000 were used to obtain information that helped to free Benito Mussolini in 1943

Operation Bernhard, a Nazi initiative to drop massive quantities of forged British Pounds intended to destabilize the British economy. Artisans sourced from concentration camps produced the notes in total secrecy with sufficient ability to fool the Bank of England.

Canada has a $1,000 bank note, that the Bank of Canada is phasing out

The next version of the Bank of England £5 note will feature a portrait of Winston Churchill

The 7 architecture styles featured on the 7 different denominations of paper Euro bank notes advance historically as the values of the notes increase.

The Bank of England have issued a number of £100,000,000 bank notes, known as "Titans", which never leave the vault.

Canada won best bank note in the world by The International Bank Note Society, with the vertical portrait of Viola Desmond. Followed by Switzerland, Norway, Russia and Solomon Islands.

The Bank Of England has physical ₤1 million and ₤100 million notes. Called "giants" and "titans", the notes balance legal tender between England, Scotland and Northern Ireland and, if necessary, could be replaced with Bank Of England cash.

The Bank of England issues special notes with denominations of one million pounds ("Giants") and one hundred million pounds ("Titans") for internal use by other banks.

The first banknotes issued by the Bank of Mexico were printed by the American Bank Note Company of New York and Mexican coins all bear the inscription “the United Mexican States”

the release of Australia's 1988 Bicentennial $10 Note was an elaborate field test in the use of Polymer bank notes.

The Royal Bank of Scotland was the first Brittish bank to put a picture in its bank notes.

UK Banknotes issued by the Bank of Scotland are not considered legal "tender," not even in Scotland (though they are considered "currency.") Legally, if you offer to pay a debt with a Bank of Scotland note, the debtor does not have to accept it as payment.

Before 1862 , In the U.S. there were over 10,000 different kinds of bank notes. Since there was no federal currency banks printed their own money.

This is our collection of basic interesting facts about Bank Notes. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Bank Notes so important!

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