Comment on I have $5 genuine United States dollars here.

Ste41th@lemmy.ml ⁨1⁩ ⁨day⁩ ago

• over_clox@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Okay. May I ask what countries don’t?

  I mean even if it’s falling out of favor, still, I have not heard of any countries to completely abandon paper cash.

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  • ledix@lemmy.world ⁨20⁩ ⁨hours⁩ ago

    China doesn’t, but yeah, what could go wrong with the authoritarian government tracking every transaction you make

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  • sparky@lemmy.federate.cc ⁨1⁩ ⁨day⁩ ago

    I believe OP meant to say that they are surprised our banknotes aren’t made of plastic or a more durable material as Canadian dollars are - rather than the other possible interpretation, referring to a cashless economy.

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    • over_clox@lemmy.world ⁨15⁩ ⁨hours⁩ ago

      Huh, well TIL that Canada switched from cotton paper money to polymer back in 2011.

      thefinancialgeek.com/…/canadian-money-made-of/

      I was once paid for some side job with a Canadian $20 bill, but that was well before 2011, probably more like around 2005. The bank gave me about $18.50 US dollars in exchange at the time.

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  • Ste41th@lemmy.ml ⁨1⁩ ⁨day⁩ ago

    Many countries are transitioning from paper money for example the UK, Australia have somewhat eliminated paper currency. There is more but I can’t think off the top of my head and I do have multiple foreign notes that are not paper.

    It’s interesting to see

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    • over_clox@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Yeah, the USA is generally transitioning away from paper currency as well, but it’s definitely still a thing.

      Even if countries decide to totally stop making paper money, they should still accept money still in circulation of noted value for quite a long time.

      Should…

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      • Ste41th@lemmy.ml ⁨1⁩ ⁨day⁩ ago

        True you’d like to think that, but countries like the UK for example have made paper money obsolete meaning you can no longer use them as legal tender.

        I believe Australia have a similar process as well. And like you say they should accept paper money for a while but I can’t see some countries just well just making paper money obsolete

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