Friday, July 27, 2012
July 28, 2012
The Merrylands father-of-two, who did not want to be identified out of embarrassment, sold his beloved Toyota Supra sports car for $15,000 on Saturday afternoon and stashed the wads of notes in his kitchen oven.
He said he believed the cash would be safe in the oven because his wife never used it.
It was a decision he regretted yesterday after his wife struggled to tell him the money had literally gone up in smoke.
She had turned on the oven to pre-heat some chicken nuggets for their two girls and inadvertently cooked the cash.
"It was everything I had," he told ninemsn.
"I've got nothing to my name. That money was supposed to go towards my mortgage. I had a call from Westpac on Tuesday asking me when I would pay because I missed a payment on Monday."
"I told them 'I'll pay tomorrow' but then the money was burnt'."
His distraught wife said she "couldn't stop crying" when she told her husband what had happened.
"I struggled to breathe, I said 'I burnt the money, I burnt the money'. I felt like I was going to faint," she said.
He said he was forced to sell his sports car to pay bills because the slow-down in the building industry had affected his metal roofing business.
"After a while it started to sink in, you've got kids, a mortgage, a family car to run and I'm thinking what am I going to do," he said.
To make matters worse, the family's water was cut off today after failing to pay their bill.
After discovering his cash had been burnt he immediately set off to his bank in an attempt to deposit the money but the teller at Merrylands' Westpac branch refused to accept the cash.
"I was quite insulted. I asked her to send it to the RBA, I told her 'please it's all I got' but she didn't want to," he said.
After being contacted by ninemsn today, a spokesman for Westpac Merrylands offered an apology and said "we will do whatever we can do within the guidelines" to help him.
The Reserve Bank of Australia has a clear policy on damaged and incomplete banknotes and advises people to take their damaged notes to banks.
"If several pieces of the same banknote are presented, the Reserve Bank's policy is for each piece to be worth a share of the value in proportion to its size," the RBA policy reads.
"The combined value paid should be the face value of the original banknote."
If less than 20 percent of the note is missing full face value is paid but if between 20-80 percent of the note is missing value is paid in proportion with the percentage remaining.
If more than 80 percent of the banknote is missing no payment is made.
Wednesday, July 25, 2012
7:28 p.m. CDT, July 25, 2012
BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez unveiled a commemorative bank note on Wednesday bearing the image of Evita Peron to mark the 60th anniversary of the iconic first lady's death.
The bill is based on the design of a five-peso note that the mint had planned to issue after Evita died of cancer at the height of her popularity, but which went missing during the coup that toppled her husband, late former President Gen. Juan Peron.
It's a homage that we don't just owe to her, we owe it to ourselves," said Fernandez, who belongs to the Peronist party that has dominated Argentine politics since the late 1940s heyday of Peron and his wife Eva, known as Evita.
"She wasn't perfect, she wasn't a saint. On the contrary ... she was an ordinary woman who had the immense fortune to find her place with a man and with a nation," she said, proposing the Evita bills eventually replace the current 100-peso bank note bearing the image of controversial former President Julio Roca.
The new bills will be legal tender, but it was not immediately clear how many would be issued or when they would enter circulation.
Evita's figure is still very much alive in Argentine politics six decades after she died of cancer at the age of 33.
Fernandez, a fiery center-leftist sometimes compared to the famous first lady, often invokes her memory in speeches. Just before last year's election, she unveiled a huge portrait of her on the Health Ministry building.
Evita, who found fame as an actress before marrying Peron, is adored by many Argentines for helping women get the vote, securing labor benefits for the working classes and founding hospitals and orphanages.
July 25, 2012 8:38 AM
(CBS) WYCKOFF, N.J. - It's all about the Benjamins in this case...which authorities say are fake in a clever counterfeiting scam in northern New Jersey. The counterfeiters take real $5 bills, bleach them, and reprint them as 100's with Benjamin Franklin's face, according to CBS New York.
Another Benjamin - Wyckoff, N.J. police chief Benjamin Fox - says the bogus 100's are well-disguised.
"The bills look very good and...because they're on regular U.S. currency paper, they feel good, too. There's that typical feel of a bill which will be different if it's been cheaply printed on other phony paper," the chief said.
Two of the fake $100 bills have been passed at pharmacies in Wyckoff.
Monday, July 23, 2012
PUBLISHED: 08:19 EST, 21 July 2012 | UPDATED: 10:48 EST, 21 July 2012
An artist has put bags of old shredded money to an unusual use – by making portraits of politicians and celebrities out of them.
Evan Wondolowski used thousands of paper strips from shredded U.S. Federal Reserve notes to make a stand against greed with his new collection of images.
The ‘currency collage’ includes four portraits of President Barack Obama, rapper Biggie Smalls, political.
Mr Wondolowski painstakingly glued thousands of strips of real US currency to each canvas with a news print background, according to theartofe.com.
He then finishes with vine charcoal to increase contrast to add to the amazing detail.
He said he bought shredded from eBay, to create the money-made portraits, which each take up to a month create.
Obama’s portrait is a different from the rest of the collection, and instead of cash it’s made out of United States Lincoln head pennies.
The artist and illustrator, who also the Creative Director and Co-Owner of Mozaiks, an artist-based clothing company, often depicts greed and politics in his images.
It is not clear what his inspiration was for choosing his subjects, but his images come amidst the continuing global economic crisis and after weeks of banking scandals.
Wednesday, July 11, 2012
Costa Rica’s Central Bank announced Tuesday that it will circulate three new banknotes of ₡5,000 ($10), ₡10,000 ($20) and ₡50,000 ($99) in August.
Once the new bills are out, the old ones will need to be exchanged in banks. Beginning in December, only the Central Bank will exchange them.
All new banknotes display images of former presidents: The ₡5,000 note is yellow and has the image of Alfredo González Flores, the green ₡10,000 bill shows three-time President José Figueres Ferrer and the ₡50,000 – purple – portrays the image of another three-timer, President Ricardo Jiménez Oreamuno.
Following an introductory campaign for the new bills, Central Bank authorities explained that these also include security features to prevent counterfeiting, for example, translucent watermarks, color-changing shapes and textured images
Courtesy ticotimes .net
Tuesday, July 3, 2012
Two new Thai banknotes will soon be issued but it is likely that many of them will never be used. People will want to keep them instead.
The new banknotes, one with a face value of 80-baht and the other 100-baht, are being issued by the Bank of Thailand to commemorate the 80th birthday of Her Majesty the Queen and the 60th birthday of His Royal Highness Crown Prince Maha Vajiralongkorn.
Her Majesty's birthday is on Aug 12, while that of the Crown Prince is on July 28.
Central bank governor Prasarn Trairatvorakul said the bank will release 2 million 80-baht commemorative banknotes.
This will be the first time a banknote of this value has been printed.
The predominant colour of the special banknote is blue, the official colour of the Queen.
It is 80 millimetres wide, signifying the 80th birthday. A portrait of Their Majesties the King and Queen is on the front of the banknote.
On the back is a blue security thread imprinted with the number "80" which turns into a rose motif when tilted.
Mr Prasarn said the commemorative banknote will be encased in a hard-paper cover and priced at 120 baht each.
The banknotes will be available from Aug 9 onwards.
The bank will also issue 10 million commemorative banknotes with a face value of 100 baht to celebrate HRH Crown Prince Maha Vajiralongkorn's 5th cycle, or 60th birthday, on July 28 and circulate them in the financial system.
The front of the special edition 100-baht banknote will be identical to those currently in circulation.
The back, however, will bear a portrait of the Crown Prince Maha Vajiralongkorn in full regalia and an illustration depicting the Crown Prince's investiture.
Courtesy Bangkok Post 4/07/2012