Notice the large increase in 50s/100s?
Most people for spending cash use 20s.
Apr 15th, 2017 8:57 pm
Apr 15th, 2017 9:15 pm
Really? I've seen quite a few that take the bills. Though for vending machines, I think they all should take CC, IMHO, but I guess it's too costly to change (pun intended) them.
Apr 15th, 2017 10:01 pm
Apr 16th, 2017 12:14 am
Apr 16th, 2017 1:49 am
If you spend any amount of time in the US, Canada's system just works better in comparison.
Apr 16th, 2017 7:52 am
Go and talk to Richard Nixon around 1971 when the US went off the Bretton Woods agreement.Kiraly wrote: ↑Apr 15th, 2017 8:21 pmYou wouldn't hate loose change so much if the coin sizes actually matched the values they represent. The dime and quarter's sizes have been the same for 147 years. If you could buy a dollar's worth of stuff with a coin the size of a dime (which is actually how things were up until the 1960s) coins would actually be the useful things they were designed to be, and not the nuisances they have become.
Apr 16th, 2017 11:12 am
Apr 16th, 2017 12:02 pm
Apr 16th, 2017 12:12 pm
I've seen plenty of vending machines that take banknotes, but they're a huge PITA a lot of the time given the terrible condition banknotes are often in. I've also seen ones that take credit cards but I have yet to see one that takes interac (haven't tried to see if visa debit works on them though, since I generally prefer credit when possible).
Apr 16th, 2017 12:39 pm
Apr 16th, 2017 12:54 pm
Apr 16th, 2017 1:07 pm
Apr 16th, 2017 1:33 pm
Or to avoid the costs of setting up and maintaining a debit/credit terminal and all the transaction fees. If they really want to or need to put it on a credit card, they can send it to me via paypal or a courtesy cheque.
Apr 16th, 2017 3:27 pm
Apr 16th, 2017 4:43 pm
US is different since you have countries actually using the US dollar has currency. Interesting about the OZ$ but not sure who would hoard Can$, since most countries i've been wanted nothing to do with itKiraly wrote: ↑Apr 16th, 2017 12:54 pmI don't think the underground economy explains all of the 74% increase in cash in circulation over the last 12 years. Perhaps it's foreign demand for our dollar being used as a reserve currency.
This says that 3/4 of all US $100 bills are taken out of the US and held in other countries as reserves: http://fortune.com/2016/06/17/100-bill/
And this says that demand for Australian $100 bills is largely coming from China: http://www.theaustralian.com.au/busines ... 043174aa0c
Maybe this is affecting Canadian currency too.