Post
Topic
Board Economics
Re: A bankster in the UK wants to ban big bills
by
deisik
on 27/09/2015, 19:18:20 UTC

Given that the British pound is by far the most counterfeited money among the four major currencies (CHF, EUR, USD and GBP), I strongly advise the Bank of England to ... get themselves busy with strengthening the anti-counterfeiting measures .... of the Pound...

Hahaha they are the ones that are counterfeiting it by printing bunch of them  Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

It's like asking your local bicycle thief to install the locks on your bicycle.

If we calculate the "pound-for-pound" ratio of currency counterfeiting (pardon the pun) in terms of purchasing power, we will get that the British pound is about 45 (sic) times more likely to be counterfeited than the Euro "pound"...

You mean that because 50 pounds is the largest denomination, there needs to be more notes counterfeited to counterfeit the same value?

That makes sense Smiley

Yeah, since the largest denominations are the ones to be counterfeited most often, we can safely ignore the possible discrepancy in the ratio of lower denominations counterfeiting attempts (which could potentially make the result somewhat less dramatic and traumatic for the British pound, lol)...