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The banknote is retained because the entity values it as a store of value because of mistrust of the local currency.
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banknote and is
A banknote ( more commonly known as a bill in the United States and Canada ) is a type of currency, and commonly used as legal tender in many jurisdictions.
* 1960 – The Reserve Bank of Australia, the country's central bank and banknote issuing authority, is established.
The highest-denomination banknote is the 200 nuevos soles note ; the lowest-denomination coin is the rarely-used 5 céntimos coin.
An alabaster statue of Isis from the 3rd century BCE, found in Ohrid, in the Republic of Macedonia, is depicted on the obverse of the Macedonian 10 denars banknote, issued in 1996.
The Swiss 1000 franc note is probably the only other banknote that is in circulation outside of its home country.
There is a banknote for 500 Latvian lats which is currently one of the most valuable notes in the world, as it is worth more than $ 1000, but it is unlikely to be accepted outside of Latvia.
A poppy flower is depicted on the reverse of the Macedonian 500 denars banknote, issued in 1996 and 2003.
For example, the five thousand-peso banknote is sometimes called a gabriela ( for Gabriela Mistral ), the ten thousand-peso banknote arturo or arturito ( for Arturo Prat, arturito meaning " little Arturo "); the one thousand-peso note is frequently referred as luca, meaning a thousand, therefore, the two thousand-peso note can be referred as two luca note, five thousand-peso note as five luca note, ten thousand as ten luca note, 1 million pesos as a guatón or palo, and so on.
banknote and retained
After the banknote is retained for safe keeping by the headmistress, Miss Holden, Marie slyly recovers it but is quickly found out, and is coerced into giving the money to the school's gymnasium fund.
banknote and values
The 2000 pesos note has been issued as a polymer banknote since September 2004, the 5000 pesos note switched to polymer in September 2009, and the 1000 also switched in May 2011., only 10000 and 20000 pesos notes are the values still issued on cotton paper.
banknote and value
The highest value banknote issued by the Weimar government's Reichsbank had a face value of 100 trillion Mark ( 100, 000, 000, 000, 000 ; 100 million million ).
In the top-right corner of the obverse face of each banknote, the value is displayed in Mayan numerals, representing Guatemala's cultural history.
These include a metallic security thread embedded in every banknote, which contains the numerical value of the note and the note's bridge image.
Despite the degradation in the value of the $ 100 banknote since 1969, competition with the 500 Euro banknote, and clear gains in efficiency, there are no plans to re-issue banknotes above $ 100.
Banknotes that haven't been issued and circulated are rated as uncirculated ( UNC ) and that is the highest classification for a value that a banknote can have.
Ivan Cankar on the 10, 000 Slovenian tolar | tolar bill, highest value banknote in Slovenia between 1994 and 2007
Nevertheless, payment with Luxembourgish banknotes were commonly denied by shopkeepers in Belgium, either by ignorance or by fear that their other customers would refuse the banknotes ( again, either by ignorance or fear of being denied payment with it later ), forcing them to go through the hassle of a trip to their bank to redeem the value of the banknote.
Polymer versions of the banknote have the Kinegram replaced by an image of the Singapore lion symbol with the face value, showing the coat of arms of Singapore when tilted at varying degrees.
An example of this is the Portuguese Bank Note Crisis of 1925, when the British banknote printers Waterlow and Sons produced Banco de Portugal notes equivalent in value to 0. 88 % of the Portuguese nominal Gross Domestic Product, with identical serial numbers to existing banknotes, in response to a fraud perpetrated by Alves dos Reis.
To maintain an individual bill's validity, a " scrip " corresponding to 2 % of the banknote value must be paid every three months.
Despite not being recognised as currency by the rest of the world when they were issued, the banknotes were afterwards sold as curios ( typically at 2 / 6 (=. 0125 GBP ) for 1 pound notes in London philately / notaphily shops ) and are now traded among banknote collectors at well above their original nominal value.
banknote and local
Development of the banknote began in the Tang Dynasty during the 7th century, with local issues of paper currency, although true paper money did not appear until the 11th century, during the Song Dynasty.
banknote and currency
After liberation, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized.
Then in 1972, a new, decimal Maltese currency, the lira, was introduced, in both coin and banknote form.
In November 2011 Canada joined the list of countries using polymer currency as it began the rollout of a new banknote series.
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