* World News Quick Take Jul 31, 2008
which shall cease to be legal tender on the 31st of December 2008, Gono said. TURKEY. (Taipei Times, Taiwan -- World)
Random Acts of Writing: Making the world a safer place Jul 24, 2008
" Since the construction of the Church and community center, there may not be money available for an armory so, practically all the citizens involved with the gun club can keep their long barrels at home.A Militia might come to be engaged in urban gorilla warfare so, more portable handguns, grenades and bazookas could be accommodated within the Second Amendment when food riots break out in a democracy elected by we the people.However, that is all moot speculation when we the people must abide by... (Ontario Argus Observer, OR)
Coin Honors Mandela Jul 18, 2008
The coin is a legal tender and should be used to purchase goods and services, said Reserve Bank Governor Tito Mboweni, who was also commenting during the launch. "Do use it to buy goods and services and do not keep it at home," he said. (allAfrica.com)
Though it makes economic sense, Americans don’t like dollar coins Jul 17, 2008
After that, dollar bills could no longer be offered as legal tender, except at banks, which would take them in exchange for coins. The European Union successfully introduced the euro virtually overnight by making it clear that old currencies would be withdrawn quickly from circulation. (La Crosse Tribune, WI)
Putting truth in reality TV Jul 16, 2008
This served the purpose of saving producers tons of money and screwing the writers out of legal tender at the same time. Frankly, I ve never liked the term reality. (Orangeburg Times and Democrat, SC)
Bank staff take three days to count the takings of Indian beggar Jul 13, 2008
But bank officials said they would still accept them as legal tender. It took staff - more used to counting notes - three days to count all the coins. (BBC News -- South Asia)
Basic information about spending money in Beijing Jul 13, 2008
The renminbi (literally "people's currency") is the legal tender in the mainland of the People's Republic of China. It is issued by the People's Bank of China (PBOC, central bank). (Xinhuanet, China)
Man tries to fuel up for pennies _ $10 worth Jun 22, 2008
Mama Duck wrote on Jun 21, 2008 11:00 AM:" This is just bad customer service. The man was forced to pay for his gas with pennies (how many of us will be there very soon?) and although it may be inconvenient for the staff, the last time I looked, pennies are still legal tender. The attendants should have helped him like any other customer, hopefully because of this story they lose a few customers. What a sad state this world is coming to. ". Have something to say about this story. (Longview Daily News, WA)
Time overdue for aworld currency Jun 6, 2008
Second, a world central bank would create a reserve currency, not be a fictitious unit account such as the IMF's Special Drawing Right (SDR), but a true legal tender represented by a currency bill, the same as a dollar, euro, sterling, or any other currency bill. Rueff was a strong proponent for a gold standard. (Asia Times Online)
Ten years later, the euro stands strong Jun 1, 2008
For European consumers, the euro arrived on Jan. 1, 2002, when euro-denominated bills and coins became legal tender. But for the architects of the euro, June 1, 1998, marks the date when years of dreaming, pondering and haggling bore fruit in the form of the ECB itself, based in Germany's financial capital. (International Herald Tribune -- Business)
Burros, more in quirky Oatman May 31, 2008
Another curious sight is the sprawl of legal tender covering the walls of the hotel restaurant. Thousands of dollar bills are tacked up, a custom that began during the town's boom years. (AZCentral -- Travel)
NZ issues coins to commemorate Mt. Qomolangma conqueror May 29, 2008
Only 1953 gold coins will be minted, with a legal tender of 10 NZ dollars (7 ... A maximum of 10,000 silver coins will be produced, with a legal tender of 1 NZ dollar and priced at 89 NZ dollars. (Xinhua)
Challenge for the US: will the penny be saved, changed or dropped? May 15, 2008
"Prior to 2006, the government had never before spent more money to mint and issue a coin than the coin's legal tender value. The US mint anticipates that by changing the compositions of just the penny and the nickel we can save the government hundreds of millions of dollars without compromising the integrity or the utility of these coins.". But the US government sees some problems with the bill. (Business Report, South Africa)
Ghana-USA Chamber of Commerce Holds Inaugural Dinner! May 12, 2008
In conclusion Mr. Acheampong informed the audience that a new currency ECO- would soon be the common legal tender to facilitate banking, commerce and trade in the following countries: Ghana, Nigeria, Liberia, Sierra Leone, Guinea and The Gambia. At the moment among the francophone countries, CFA still remains the major currency which would eventually join forces with the ECO to transform into one distinct currency that would later be the official currency of West Africa with a market size of... (Ghana Web, Ghana)
2 die in Somalia riot over food prices May 6, 2008
Many shopkeepers refuse to accept the worn-out 1,000-shilling notes, despite the fact they are legal tender, saying that their own wholesale traders refuse to accept the bills. Protests over food prices have also broken out recently in other African countries, including Senegal, whose president on Sunday called for the United Nations to dismantle its Food and Agriculture Organization, calling it an ineffective money-eater that failed to help avert the global food crisis. (International Herald Tribune)
Salt Spring Island: Charming, artsy, eccentric May 5, 2008
1 Salt Spring Island dollars, which use the symbol $$, are legal tender everywhere on the island - but only on the island - and are backed by the Salt Spring Island Monetary Foundation with Canadian dollars. 2 The island's most famous resident is Canadian rock legend Randy Bachman of Guess Who and Bachman-Turner Overdrive. (San Francisco Chronicle)
Salt Spring Island May 4, 2008
Just steps from the dock, the weekly market was in full swing, and everything Salt Spring is about was on display: ripe, juicy strawberries the size of a child's fist; bundles of fragrant lavender picked that morning; loaves of crusty artisanal bread; pungent wheels of organic goat-milk Camembert; even, I discovered as a bald eagle glided overhead, bottles of surprisingly good Pinot Noir. Everything for sale in the market - including the Chakra Chimes and hemp-fiber yoga pants - is grown, made,... (San Francisco Chronicle -- Travel)
Somalia:Millions Need Food Aid, Says UN Unit May 2, 2008
"The government will soon be printing its own currency, which will be the only legal tender.". This report does not necessarily reflect the views of the United Nations. (allAfrica.com)
The truth about the dollar’s worth Apr 13, 2008
It s the legal tender ... The U.S. Constitution says: No state shall accept anything but gold and silver as legal tender of payment ... ElvisHasLeft wrote on Apr 11, 2008 5:12 PM:" I guess if you don't care for the dollar, Mr. Thompson, you can go ahead and change your personal legal tender to pesos or yen if you have more comfort in those monetary systems. This is a stupid argument anyway. Currency and value are objective, man-made concepts. Even during the "good ol' days" of the barter system,... (Logan Herald Journal, UT)
Was Nkrumah truly a Pan-African visionary? Apr 5, 2008
"When we think of West Africa and of Africa before we reflect upon our own countries, we are not just being pan-Africanists, we are being true nationalists. The wise words of Nana Addo Dankwa Akufo-Addo when he addressed an association of Nigerian lawyers in Abuja last Wednesday. The view of the former Ghanaian Foreign Minister and probable next President is that anything that strengthens the viability of West Africa as a coherent, orderly and robust region will strengthen the domestic... (Ghana Web, Ghana)
Britain's first new coins for 40 years are unveiled Apr 5, 2008
Matthew, from Bangor, Gwynedd, said: "I felt it was important to have a theme running from one to another. I can imagine people playing with them, having them on a table and enjoying them."I would love it if the coins are played with by everyone from kids at school to folks in a pub."Matthew, who now lives in London, sent the Royal Mint his original ideas in 2005.He then worked for months with designers of finalising the look - getting paid 35,000.Yesterday he called it a "reasonable sum",... (Mirror.co.uk)
Royal Mint unveils coin designs Apr 3, 2008
Old coins will remain legal tender alongside the new versions being introduced this summer. The designs mean no more 50p coins with Britannia, the female personification of Britain, will be produced. (BBC News -- UK)
Britannia banished as coins get a makeover Apr 3, 2008
The 27 billion UK coins in circulation will remain legal tender, being replaced when they are either lost or become worn out. Andrew Stafford, chief executive of the Royal Mint, said: "It is the only work of art that every member of the general public touches every day, that is important to the nation's way of life.". (Independent)
Jug Suraiya: Note of faith Mar 30, 2008
It seemed a curious request, as Indian currency could hardly be legal tender in Chinese Tibet. But i took out my wallet and proffered a 100-rupee note. (India Times, India)
Many outlets still indifferent to deadline on one sen coin Mar 30, 2008
Sen-ding off for little coins: The one sen coin will still be legal tender after April 1 ... However, the coin remains legal tender for payment of goods and services. (The Star Online, Malaysia)
Queen to attend NI Maundy service Mar 20, 2008
The coins are legal tender, but because they are so rare are sought after by collectors. Pupils from local schools, who are known as Maundy children, will attend the Queen. (BBC News -- UK)
Credentials for home school parents — what's next? Mar 18, 2008
" Also it is not printed on paper one could use for money. Maybe funny money but not our legal tender. parishioner if 2 students are caught having sex in the bathroom you hose them down with a fire hose and I'll guarantee you they won't do it again. Their friends will think twice as well. ". danielh wrote on Mar 17, 2008 10:01 AM:" Girard: "Honest Abe" was not honest. ". (Lodi News Sentinel, CA)
No more $100s Mar 17, 2008
xxx wrote on Mar 16, 2008 7:12 AM:" How can a business refuse to accept a bill of legal tender backed by the US treasury? It's their responsibility to ensure the bill is legit. Consumers should not be told where they can use money or not. ". confused wrote on Mar 16, 2008 7:07 AM:" Since when does someone with a $100. bill have to eat at MCDonald's a Duh! ". (New Iberia, LA)
Dollar's clout sinks worldwide Mar 15, 2008
At the Taj Mahal, dollars were always legal tender, alongside rupees, for entry into the palace. But because of the falling value of the dollar, the government implemented a rupees-only policy a month ago. (MSNBC -- Business)
ECO goes into circulation Dec. 2009Accra, Ghana (PANA) - The common currency for five West Africanstates, the ECO, whose launch has been postponed twice already, willbecome legal tender at the end of 2009, a senior official of the WestAfrican Monetary Institute (WAMI) said on Wednesday. 06/03/2008 Full Text... Mar 6, 2008
Accra, Ghana (PANA) - The common currency for five West African states, the ECO, whose launch has been postponed twice already, will become legal tender at the end of 2009, a senior official of the West African Monetary Institute (WAMI) said on Wednesday. Mr. Odiaka Chris Okolie, Director of Operations of the Accra-based WAMI, expressed optimism that the ECO, a common currency for Nigeria, Ghana, Sierra Leone, The Gambia and Guinea, would be introduced in December 2009. (Panapress.com)
Empty Stockings (2) Mar 1, 2008
For Jefferson County Residents the toy give-away will be 10 a.m.-2 p.m. on Sunday, Dec. 19, at the Legal Tender in Clancy. SALVATION ARMY. (Helena Independent Record, MT)
How much is enough?| Mar 1, 2008
Its a merely legal tender. What isnt neutral as Abey points out in this highly accessible and sensible book is the emotional baggage that we attach to money. (iAfrica.com)
Can't pretend to contend Feb 27, 2008
And if they don t make a change after 8 years with no playoff series victories without so much as winning a single playoff game with a team that has (1) no identity, (2) no heart, (3) limited grit, (4) selective desire, and (5) total inconsistency, then WHY should anyone support this franchise with real, legal tender. Trust me, the owners will get the message and change. (Atlanta Journal-Constitution -- Sports)
31 c00002220omments Feb 19, 2008
Currently, we uncritically accept an economic approach to valuing nature whereby we "chunk" it up into pieces, price the chunks as if they were legal tender in a market transaction for their use as a resource or service, then count the chunks. Multiplying the number of chunks by the chunk unit price, we arrive at the total value. (Nature News Service)
Stark Raving Mad Feb 6, 2008
On the US dollar bills, it now says This Note is Legal Tender for All Debts, Public and Private ... Henceforth, US dollar bills and Treasury IOU s would become the world s legal tender More and more dollars were shoveled overseas, where they began to float around in their own netherworld of Eurodollars and other offshore trading systems. (Human Events Online)
Europe's Pocket-Change Democracy Feb 6, 2008
There is one version of the common European side for each of the eight coins in legal tender (although a new design was introduced last year to reflect the E.U.'s 2004 enlargement). But each of the 15 Eurozone countries has its own obverse, or national side, creating a total of 120 different coins in circulation. (Time.com)
Fed helpless in its own crisis Jan 26, 2008
"It's not possible that our covering operations contributed to the market's fall,'' said Philippe Collas, the head of asset management at the bank, according to a Bloomberg report on January 25. The Fed in announcing its rate cut pledged to act in a "timely manner as needed" to address the risks to growth, implying that it expects to cut the federal funds rate rates still further and will consider doing so at its scheduled policy meeting on January 30. In overnight trade, Asian shares extended... (Asia Times Online)
Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Montenegro Jan 23, 2008
The euro is the legal tender. Exchange rate, U.S. $/ (period average). (IMF News)
Already wise on 2008 Jan 12, 2008
Trust me, L.A. really values the written word; in particular, This note is legal tender. What I would give right now for a decent bowl of French onion soup. (Corvallis Gazette Times, OR)
No End in Sight for Cash Crisis Jan 11, 2008
Central bank governor Gideon Gono said the $200 000 note, which he had said would cease to be legal tender by mid night on the last day of 2007, had been re-instated and would remain legal tender. When he announced the phasing out of the $200 000 notes, which he said was the anchor note for cash barons fuelling the black market, Gono introduced $750,000, $500,000 and $250,000 notes. (allAfrica.com)
Rush for changing of old currency notes in Koforidua Jan 11, 2008
Koforidua, Jan 10, GNA- Two-weeks after the old currency ceased to be a legal tender, there is a rush for changing the old currency for the new ones at the Banks in the Koforidua Municipality. Despite the six months period given by the Bank of Ghana (BoG), for the old cedis to be used alongside the new Ghana cedis, a survey in the New Juaben Municipality on Thursday, confirmed that the old currency was still in the system. (Ghana Web, Ghana)
BoG Must Look Into This Allegation Jan 7, 2008
The old cedi notes and coins beginning from January 1, this year, cease to be legal tender ... Contrary to the much-published claim by the BoG, that Ghanaians could easily walk to any bank of their choice, to change the old currency after January 1, when it ceases to be legal tender, the banks appear not to be cooperating with the directive in practical terms. (Ghana Web, Ghana)
Drivers and traders in Kumasi appeal for coins Jan 6, 2008
Some of the traders and drivers the Ghana News Agency spoke to in Kumasi on Friday complained about the persistent clash between passengers, drivers, sellers and buyers over coins ever since the old currency ceased to be legal tender. The situation has also compelled sachet iced water sellers to sell at five pesewas instead of four pesewas. (Ghana Web, Ghana)
Zimbabwean Money in Increasingly Short Supply Jan 5, 2008
10) bearer cheques as legal tender on 31 December 2007, was rescinded without explanation, although vendors had stopped accepting the $200,000 (US$0. 10) bearer cheques well ahead of the new year's eve deadline. (allAfrica.com)
No Solution Yet to Cash Crisis Jan 5, 2008
Cash-hungry Zimbabweans are asking why the country continues to face acute cash shortages when the hurriedly deposited $200 000 notes that were previously rendered obsolete in "tactical demonitisation" by the central bank continued trading as legal tender. Relevant Links. (allAfrica.com)
The rush to change old current dies down Jan 3, 2008
At the Agricultural Development Bank, Mr. Mac Patrick Agbecornu, the Manager said the bank has so far changed a total amount of GH=A213,510, and reminded the public that the old currency was no longer legal tender and that those who were still keeping them should endeavour to have them changed. He said there was no need for them to rush to have their money changed, since there was no deadline for that, and also advised the public to handle the new notes with care by using purses instead of... (Ghana Web, Ghana)
Tamale beggars showered in old currency Jan 2, 2008
Speaking in separate interviews with the GNA in various begging points in the Tamale Metropolis, they said they have recorded high sums of alms these last few days of the year though it ceases to be legal tender after 31st December 2007. Surprisingly, some of the beggars were quick to say that they would go to the Banks to change for the new ones while others say they would keep a few as "museum" pieces for the next generation. (Ghana Web, Ghana)
Smooth change of old currency on last day Jan 2, 2008
Koforidua, Jan. 1, GNA- Long queues were formed at a number of banks in the New Juaben Municipality as people made last minute efforts to have their old currencies changed to the new ones, which ceased to be legal tender last night. A visit by the Ghana News Agency (GNA) to some banks such as the Merchant Bank, SG-SSB, Barclays Bank and First Ghana Building Company on Monday showed long queues at the various banking halls by people trying to change the old currency. (Ghana Web, Ghana)
Zimbabwe: $200 000 Note to Stay for Now Jan 1, 2008
"All economic players are, therefore, advised and required to continue fully accepting the $200 000 bearer note, as it is a legitimate part of our legal tender," said Dr Gono addressing bankers, journalists, Zimbabwe Revenue Authority and the National Incomes and Pricing Commission officials, among other stakeholders, in Harare yesterday. The past week had seen many making frantic efforts to dispose of the bearer cheques as the deadline drew nearer. (allAfrica.com)
No deadline for old cedi at the banks Jan 1, 2008
According to Head of Research of the Central Bank, Dr. Ernest Addison, even though the old currency will cease to be legal tender after Deccember 31 2007, there is no deadline for exchanging the old currency for the new ... Media reports have indicated that ahead of the deadline for the withdrawal of legal backing for the old currency, some establishments have been are rejecting it, insisting that it is no longer legal tender. (Ghana Web, Ghana)
Click for Full Story Jan 1, 2008
(The euro became legal tender on this date in 2002. . (KWTX.com, TX)
Chaos at Zim banks in cash debacle Jan 1, 2008
Zimbabwe's central bank chief extended a deadline on Monday to exchange Z$200 000 bills just hours before they were to cease being legal tender after scenes of chaos at banks across the country ... "All economic players are therefore advised and required to continue fully accepting the 200 000 bearer cheque note as it is a legitimate part of our legal tender.". (iAfrica.com)
Cyprus, Malta celebrate euro adoption Jan 1, 2008
NICOSIA, Jan. 1 (Xinhua) -- Mediterranean countries Cyprus and Malta on Tuesday embraced the euro as their new legal tender with outdoor celebrations, with the adoption bringing the number of countries using the currency to fifteen. At a midnight ceremony held in Cyprus's capital Nicosia, President Tassos Papadopoulos cut a cake and withdrew euro bank notes from an automated teller machine (ATM) at the country's Finance Ministry. (Xinhuanet, China)
Malta, Cyprus and the euro Dec 31, 2007
OLD MONEY: Cypriot pounds and Maltese liri will be legal tender until Jan. 31. Old money in Cyprus can be exchanged at the central bank until the end of 2009 for coins and the end of 2017 for paper money; in Malta until the end of 2010 for coins and the end of 2018 for paper. (International Herald Tribune -- Business)
Going, Going .... Dec 30, 2007
From Tuesday January 1, 2008, the old cedis will cease to be legal tender, although people can still take them to banks to change into the new Ghana cedis ... Mr. Boateng refused to accept payment in the old currency and this resulted in hot exchanges until a passerby intervened and explained to him that the old cedi is still legal tender until January 1, 2008 ... "It is still legal tender. Commercial, rural banks, savings or loan financial institutions are required to change the old currency... (Ghana Web, Ghana)
Tema residents rush to change cedi into Ghana cedis Dec 29, 2007
Tema, Dec 28, GNA- With just three days left for the old cedis to cease being legal tender, some residents in Tema on Friday rushed to the various banks to change the old currency for the new one ... Meanwhile some traders are complaining of the shortage of the Ghana pesewa coins, while others are refusing to accept the old cedis from buyers even though it remains legal tender till January 01, 2008. (Ghana Web, Ghana)
Cyprus, Malta to start using cash euros on Jan. 1 Dec 28, 2007
OLD MONEY: Cypriot pounds and Maltese lira will be legal tender until Jan. 31. Today in Business. (International Herald Tribune -- Sports)
Non-account holders in Ho in a fix over old cedis Dec 28, 2007
At the Stadium Gate Shopping Centre, Mr Michael Martin told the Barely five days more for the old Cedi to cease being legal tender there appears to be no rush among the general public to change that cedi for the new Ghana Cedis and Ghana Pesewas in Ho ... He said the Bank has caused gong-gong to be beaten in its operational area to remind the public of the December 31 deadline when the old cedi currencies would cease to be legal tender and the need to change the old cedi notes and coins... (Ghana Web, Ghana)
PG&E 'payment centers' drop out Dec 27, 2007
"The last I saw, cash is still legal tender. In Mexico you don't pay your bill by mail, you go down to the plaza and get a receipt. And if the bill is overdue you go to the bank.". After Strawflower Electronics bowed out, the Medicine Shoppe on Stone Pine Road tried serving as a payment center for about a month, said owner Harish Odedra. (Half Moon Bay Review, CA)
Cuba is rising from the post-Soviet ashes, says Castro Dec 27, 2007
It has also introduced foreign exchange controls, eliminated the dollar as legal tender, increased regulation of foreign companies and curbed private enterprise in a return to a classic command economy that is 90 percent state-owned. The centralisation of state company operations would save Cuba between $500 million (R3. (Business Report, South Africa)
Year of the Pig in Review Dec 25, 2007
Legal tender under the Australian Currency Act of 1965, these sharp-looking coins are available through most bullion dealers, including Richard Smith's , at premium to the ever-changing spot price of silver. Only 500,000 of the half-ounce and 300,000 of the one-ounce coins were produced, giving them a numismatic worth beyond their silver content. (SmartMoney)
Reserve Bank Watches Borders, Bank Branches Dec 24, 2007
" he said.On Thursday, banks started recording high deposits of the $200 000 bearer cheque which ceases to be legal tender on December 31 as holders sought to beat the deadline.Dr Gono said following the launch of Sunrise II on Thursday, the central bank has had to put in place more measures to bring cash convenience to the public while also dealing decisively with cash barons.Investigations had shown that bulk cash comprising the expiring $200 000 bearer cheque, way above the exchange control... (allAfrica.com)
New RM50 note from Jan 30 Dec 22, 2007
Dr Zeti said the current RM50 notes would continue to be legal tender even with the introduction of the new notes, adding that they would be phased out in a few years. Related Stories. (The Star Online, Malaysia -- News)
BoG will not extend deadline for the use of old currency Dec 22, 2007
Obuasi, Dec. 21, GNA - The Bank of Ghana (BoG) has stated that it will not extend the December 31, 2007 deadline for the use of the old currency as a legal tender in the country ... Speaking at the inauguration of the Obuasi branch of the First Allied Savings and Loans Limited, Mr. Apau stressed; "the old notes and coins will cease to be legal tender, however they can still be changed at any bank, rural bank and savings and loans companies, including First Allied Savings and Loans Limited". (Ghana Web, Ghana)
$500,000 a Year Means You're Still Only Middle Class Dec 22, 2007
We are talking here in terms of cold dollars, not any of the other things one might be rich in, as conveyed on the greeting cards so popular at this time of year, and otherwise unconvertible into legal tender at the cash register. Dividing Line. (Bloomberg -- Columnists)
