Talk:Banknote

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History[edit]

Not a single word on french revolution "assignats"!?

What central banks do[edit]

This is the brilliantest page on wikipedia This statement needs correction:

"Thus, by conducting this type of open market operation — selling bonds when there is excess currency and buying bonds when there is too little — the bank can maintain the value of the dollar at one ounce of silver without ever redeeming any paper dollars for silver. In fact, this is essentially what all modern central banks do, and the fact that their currencies might be physically inconvertible is made irrelevant by the maintenance of financial convertibility."

In fact, all modern currencies have lost the majority of their value relative to precious metals over the last 35 years precisely because the ending of the last link to such a metal (gold, in this case), allowed central banks to create paper money that never has to be redeemed in a precious metal. So it is clearly not true that "maintain[ing] the value of [their currency]" in terms of a precious metal is "essentially what all modern central banks do".

Stheller 16:04, 10 September 2006 (UTC)

Request to provide proper credit for my images (or to remove the images from Wikipedia)[edit]

I do not appreciate that someone has removed a link to my free banknote gallery at http:// www.banknotes.com/images.htm . My website has been linking a lot to Wikipedia.org. Example: http:// www.banknotes.com/fr.htm => scroll down to "History of France" link. All of my gallery country pages are linking to Wikipedia's history articles and some other articles. I'm linking to all the history articles giving exposure to Wikipedia and you are not being fair. I've noticed many banknotes from Banknotes.com were (maybe still are) being used without any credit or link given. Here is an example of the many:

This is the banknote I scanned and posted in my free public gallery: http:/ /www.banknotes.com/DK57.JPG

This is the same image that's been stolen (no credit given, not even asked a permission) from my site: http://en.wikipedia.org/wiki/Image:200kroner.jpg

The source is here, many imagesthere are stolen from Banknotes.com: http://en.wikipedia.org/wiki/Gallery_of_banknotes

I can display many more pages on Wikipedia where my banknotes are posted improperly. I wouldn't mind providing banknote images to Wikipedia, but not to pirates.

Therefore I request removal of ALL banknote images from Wikipedia that were taken from Banknotes.com or provide proper credit for each image or a group of images on each Wikipedia page.

I expect a response. You can email admin (at)banknotes (dot) com .

Regards, Audrius

(69.130.6.215 23:59, 29 November 2006 (UTC))

Please see WP:EL, in particular WP:EL#Advertising and conflicts of interest. Since you are the owner/author of the webpage, you can not place the link anywhere on Wikipedia. If you want it added, then follow the guidelines there, which say: "If it is a relevant and informative link that should otherwise be included, please consider mentioning it on the talk page and let neutral and independent Wikipedia editors decide whether to add it. This is in line with the conflict of interests guidelines." -- moe.RON Let's talk | done 23:57, 29 November 2006 (UTC)

Look, I'm not fighting to put my gallery's link back on Wikipedia, I'm requesting proper credits for ALL my banknote images, otherwise please remove all of the images if the proper credits will not be provided to www.banknotes.com

Any advice on this? Or should I go and start removing all my images myself? Or I will go and post proper credit links myself.

"Since you are the owner/author of the webpage, you can not place the link anywhere on Wikipedia." - this is more than funny. How can we be sure you were not hired or are a friend of the link owner? This is NOT a fair game. I had a good opinion of wikipedia but now I have not so good opinion of wkipedia.

I am not requesting my link to be put back, but my images without proper credit will NOT be posted on wikipedia.

Stolen images will be removed. Please do not post images without providing a proper credit for the website. If you did not scan the image(s) then ask permission from the site's owner first! I own the scans (scanning the images is labour intensive and cost me money!), not the copyright. It's like owning on trillionth layer of a banknote, but not the design and not the copyright. In fact many of the banknotes that I own the scans of I own the physical banknotes as well. I am entitled to my hours spent scanning these images. I own the scanned images and no one can steal them without my permission. Even if it is a public gallery. I will gladly donate money, scans etc. but only if permission is asked first. I reserve the right not to donate everything I own! I do not want my images to be posted here without my control or linking back (credit link) because then people will steal from wikipedia and post elsewhere and use the images commercially under different file names etc. and it will go on without control.

69.130.6.215 00:01, 30 November 2006 (UTC)

If you are having a problem with an image being a copyright violation, check out Wikipedia:Copyright problems. For how to post images, see Wikipedia:Copyright problems#Instructions. Also, if you want help, place {{help}} on your talk page. -- moe.RON Let's talk | done 03:18, 30 November 2006 (UTC)
I will try to put references in the coming days. --ChoChoPK (球球PK) (talk | contrib) 23:09, 30 November 2006 (UTC)

I protest THEFT of my scans. Here's proof:

The following image: http://en.wikipedia.org/wiki/Image:200kroner.jpg

  is stolen from: http: // www . bank notes . com / DK57.JPG

but Wikipedia lists the source as the following:

Source : A scanning by PZFUN 2004-11-16 T16:17:38.

A "scanning" by PZFUN? This user is impudent enough to steal an image without my permission, that I scanned myself, and take the scanning credit to him/herself. Again, I wouldn't mind donating images to Wikipedia if it was done fairtly, without LIES and THEFT. Audriust (talk) 18:27, 20 July 2008 (UTC)

I have checked the information you have given, and checked your site on the Internet Archive - your scan appears to have been on your site for at least 2 years earlier than the claimed date of the scan by PZFUN (earliest version I've seen is at http://web.archive.org/web/20021108120000/www.banknotes.com/DK57.JPG (8 Nov 2002) but I didn't look any earlier). I am therefore deleting the image from WP. -- Arwel (talk) 22:34, 20 July 2008 (UTC)

The banknote with the lowest (absolute) value and the coin with the highest (absolute) value[edit]

I think it would be interesting to mention in the article which banknote has currently the lowest and which has the highest value out of the currencies of the Earth (considering their absolute, mid-market values, compared to each other). Besides, I'd be happy to know which coin has the highest value out of the currencies (excluding commemorative coins). Adam78 20:45, 17 January 2007 (UTC)

The highest non-commemorative banknote is 10,000 Singapore/Brunei dollars [1]. However, the 10,000 Brunei dollar series came from earlier series. The next is 500 Latvian latu [2]. And then 1000 Swiss franc [3]. 500 euro [4].
The highest coin is 500 Japanese yen [5], then 2 pounds sterling [6] (a very close second). But my expertise is more on banknotes than coins. I don't know how this list will go.
Lowest can be tricky. Often time, the lowest coins are in the process of being phased out, officially or unofficially. Do you know for sure that the 1 Somaliland shilling is really used in practice? --ChoChoPK (球球PK) (talk | contrib) 22:17, 17 January 2007 (UTC)


Thank you so much for the answers! :-) You are amazing...

And another question: I wonder if you know which currency unit has presently the highest (absolute) value?

I think these facts could be inserted into the article somehow; maybe under a "Notes" section. Adam78 22:42, 17 January 2007 (UTC)

However, these two articles focus on the unit itself. The column highest banknote is just peripheral. Therefore, the trivia about 10,000 SGD is not mentioned anywhere. If it is the ranking of the physical form of currency, whether banknotes or coins, that you're interested in, I believe a separate article would be appropriate. --ChoChoPK (球球PK) (talk | contrib) 23:26, 17 January 2007 (UTC)

Thanks again! I hope an article will be created about the above (highest- and lowest-value banknotes and highest-value coins). Adam78 18:58, 23 January 2007 (UTC)

I've seen otherwise[edit]

I've actually read sites that say that absolutely no paper and no wood is used in making money. Prove that paper is used in the PROCESS of making money. JustN5:12 19:16, 4 March 2007 (UTC)

Most banknotes are made of cotton and other stuff. That's paper. --ChoChoPK (球球PK) (talk | contrib) 01:01, 5 March 2007 (UTC)

Userbox[edit]

Here is a userbox you might use.Bewareofdog 20:00, 5 July 2007 (UTC)

Billets de 5000.jpg This user is notaphilist

Terminology[edit]

Paper money redirects here, although not all paper money are banknote (see: Hungarian korona) and not all banknotes are made of paper (see: Romanian leu). While banknotes are notes issued by a central bank, there are several other types of paper money which have similar appearance to banknotes: state notes, treasury notes, currency notes etc. which are issued by a government (usually through the treasury). The circulation of the latter type is enforced by law, while that of the former by promise.

I am not sure what the correct terminology in English is, i.e. what is the hypernym of banknote and treasury note. It should be something like paper money without referring to the material of the note. In German the correct word is Geldshein, literally meaning money note or currency note.

I am aware of the common use of bill and banknote in everyday converstaion, but the accurate meaning and use of the words should be clarified in the article - and it should be decided, if it is about banknotes only or all kinds of notes (paper and polymer money). Timur lenk 20:59, 5 July 2007 (UTC)

There is no standard terminology in English. This is reflected in the fact that the international collectors' organization is "The International Bank Note Society" while the standard catalog for note valuation is called the "Standard Catalog of World Paper Money".
Most collectors most of the time now speak of "paper money" and this is understood to include polymer notes (and notes on silk, etc.). The lack of standardized terminology is pervasive. Common terms such as "issue" and "withdraw" are used with several meanings and are usually ambiguous. Note collectors sadly lack the clear terminology found (in English) in philately.
I personally prefer "paper money". Why? The Wikipedia entry entitled "Paper money of the Austro-Hungarian gulden" is a good example. It includes both bank notes and currency (state) notes, and it is probably the rule rather than the exception for a note-issuing entity to emit both bank and currency notes, so "paper money" rather than "banknotes" would be more accurate as a standardized entry title for such Wikipedia articles.Sivasova (talk) 12:43, 15 January 2008 (UTC)

Lifespan of banknotes[edit]

I've added a new section about the destruction of banknotes. I think it would be useful to add info about the lifespan of banknotes, how they are removed from circulation etc. Mindmatrix 18:15, 28 September 2007 (UTC)

Paper money is shredded to stop anyone still using it. T.Neo (talk) 06:10, 7 December 2007 (UTC)
Well, yes, which is one of the facts I originally added when I introduced the Destruction section. I was specifically looking for information regarding how long they are left in circulation (and if this varies by country), which methods are used to collect such bills (usually through banks), and the like. Information regarding how they are shredded would also be useful; for example, how is the waste paper disposed, given that governments don't want it to be retrieved for counterfeiting purposes. Mindmatrix 14:06, 7 December 2007 (UTC)

Hmmmm... That is some interesting stuff that unfortunantly I dont have the answer to. Good luck though. T.Neo (talk) 14:33, 7 December 2007 (UTC)

Gibraltar[edit]

Some editors and I are having trouble getting our heads around the exact nature of the Gibraltar Pound vs the British Pound - can anyone help at Talk:Gibraltar? The Red Hat of Pat Ferrick t 02:59, 13 November 2008 (UTC)

Advantages and drawbacks of coins vs banknotes[edit]

The following except from the main text

Opportunity cost of capital. Coins have economic value and are a form of non-financial capital, however they do not pay interest. Banknotes have economic value but are a form of financial capital, a loan to the issuing bank. The issuing bank invests its assets primarily in interest bearing loans and securities, but also needs to hold metallic reserves. Thus banknotes indirectly earn interest through the investments made by the issuing bank, but coins do not pay interest to anyone. This foregone interest is the most important economic advantage of banknotes over coins.

shows a profound misunderstanding of money.

In fact coins and banknotes are exactly equivalent signs of I.O.U. —Preceding unsigned comment added by 88.160.111.52 (talk) 03:47, 8 May 2009 (UTC)

Yuan[edit]

Yuan dynasty banknote with its printing plate, 1287.

Feel free to insert this image into the article Per Honor et Gloria  06:56, 20 February 2010 (UTC)

england[edit]

werent the banks in england the first to issue paper money? youve got ancient versions from china, and even america for some reason? but banknotes as we would know them, didnt they develop in the england? i saw somthing like that a long time ago anyway, i think it deserves a mention anyway. maybe put in the history when and where it was first commonly used? it just seems like a big chunk of history is missing? —Preceding unsigned comment added by 60.240.172.86 (talk) 02:58, 15 September 2010 (UTC)

Fair use candidate from Commons: File:AustraliaPNew-5Dollars-(20)05-donatedowl f-1-.jpg[edit]

The file File:AustraliaPNew-5Dollars-(20)05-donatedowl f-1-.jpg, used on this page, has been deleted from Wikimedia Commons and re-uploaded at File:AustraliaPNew-5Dollars-(20)05-donatedowl f-1-.jpg. It should be reviewed to determine if it is compliant with this project's non-free content policy, or else should be deleted and removed from this page. Commons fair use upload bot (talk) 00:45, 1 May 2011 (UTC)

No serno barcode can be present on banknotes because NY-TV says so?[edit]

Most paper money carry individualized, alphanumeric serial numbers, yet they do not carry them in alternative barcode form, even though that would greatly ease the automated tracking of money laundering and the recognition of sudden appearance of counterfeits. (Barcode can be machine-read exactly and quickly, while OCR is slow and imprecise.)

Most merchandize today is sold by pinging their price off their wrapping with a barcode scanner and there is no reason not to also read barcodes off banknotes that patrons hand over in exchange for the goods. That data could be collected by national banks eventually, to spot cash-based crime patterns and rescue billions from the crooks, for the utmost public good. There must be some conspiracy that bans s/n value barcodes off banknotes, but this WP article does not dicuss this problem due to Trilateral and Bilderberg elder censorship! 87.97.110.241 (talk) 20:17, 14 August 2012 (UTC)

Merge from money circulation[edit]

I suggest merging money circulation into this article. The article money circulation has been much like an essay for practically its whole lifetime, and it would perhaps not be worth it to turn it into an encyclopedic article. The whole point of the article seems to be about the physical condition and handling of banknotes, which is why it is specific to banknotes and should be mentioned in this article. JIP | Talk 06:53, 14 November 2012 (UTC)

Early history (banknotes in Ptolemaic Egypt, banknotes vs coins, etc)[edit]

I think that the evidence of early forms of banknotes and credit notes from Ptolemaic Egypt deserves at least a mention in the history section, especially as it seems to predate the earliest mentioned evidence from China of that sort.

What's more, I find the sentiment represented in the below quote somewhat problematic:

"Prior to the introduction of banknotes, precious or semi-precious metals minted into to coins to certify their substance were widely used as a medium of exchange."

We know from Ptolemaic Egypt (which is simply the best preserved evidence but also one of the most monetized regions in the ancient Mediterranean), that coins and metals were only used to a limited extent with banks acting as mediators to overcome impracticalities such as large-scale or long-distance trade. There's an inherent suggestion in the history section and the above quote that banknotes or promissory notes were a late development (and a great conceptual leap) of monetary societies, while I think there's a lot of commonsensical reasons to infer from the existing body of evidence that "lightweight substitutes" (to paraphrase one of the terms used in the article) for money are almost as old as trade itself. For obvious reasons though, unlike metals and clay seals, these things rarely survive unless carbonized by fire or buried deep in the Sahara desert.

Abvgd (talk) 21:05, 5 January 2013 (UTC)

Copyright problem removed[edit]

Prior content in this article duplicated one or more previously published sources. The material was copied from: http://www.bankofengland.co.uk/banknotes/Pages/about/history.aspx. Copied or closely paraphrased material has been rewritten or removed and must not be restored, unless it is duly released under a compatible license. (For more information, please see "using copyrighted works from others" if you are not the copyright holder of this material, or "donating copyrighted materials" if you are.) For legal reasons, we cannot accept copyrighted text or images borrowed from other web sites or published material; such additions will be deleted. Contributors may use copyrighted publications as a source of information, but not as a source of sentences or phrases. Accordingly, the material may be rewritten, but only if it does not infringe on the copyright of the original or plagiarize from that source. Please see our guideline on non-free text for how to properly implement limited quotations of copyrighted text. Wikipedia takes copyright violations very seriously, and persistent violators will be blocked from editing. While we appreciate contributions, we must require all contributors to understand and comply with these policies. Thank you. Dana boomer (talk) 00:05, 21 February 2013 (UTC)

Counterfeiting and security measures on paper banknotes[edit]

The section entitled, "Banknote#Counterfeiting and security measures on paper banknotes", seems to be out of place. Also the content of that section talks mostly about hyperinflation and only the last two sentences have anything relevant to the section header. Rincewind42 (talk) 14:06, 2 December 2013 (UTC)