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| Is it stupid to have the head of state's picture on money? | |
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| Tweet Topic Started: Apr 12 2018, 11:04 AM (142 Views) | |
| + Pelador | Apr 12 2018, 11:04 AM Post #1 |
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Crazy Awesome Legend
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I was just thinking, what is the point of putting a head of state's face on our money? When they abdicate or die it means we have to re-mint all the money again. When Prince Charles becomes our King, he's probably only going to have a short reign before William takes over. And this is going to cost millions and directly affect the economy. |
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| TrunksinSwimmingTrunks | Apr 16 2018, 09:39 AM Post #2 |
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Formerly known as daman
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Because she's your boss and you better remember it. If the Queen dies, new notes don't have to be made right away (in Scotland I don't think the money even has an image of the monarch).
Judging from above, they would keep the old notes until they are "unfit for further circulation", which probably means when they are too damaged for use. Source (Freedom of Information request): https://www.whatdotheyknow.com/request/reissuing_tender_after_the_death_2 |
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kamizake pyro is a girl? olsiw Make the old spam section viewable plz | |
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| + Emmeth | Apr 16 2018, 10:29 AM Post #3 |
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I ♥ Yoeri
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It's always good to re-mint coins anyway, because the circulation is good for the population. In our country we've re-minted coins 2 or 3 times since King Harald became our monarch. The economy has never been bad because of it. |
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| TrunksinSwimmingTrunks | Apr 16 2018, 12:19 PM Post #4 |
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Formerly known as daman
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Why is re-minting good for the population? To counter-act counterfeiting? |
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kamizake pyro is a girl? olsiw Make the old spam section viewable plz | |
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