- published: 05 Jul 2016
- views: 85096
A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by commercial banks, who were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have been replaced by national banknotes issued by central banks.
National banknotes are generally legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is the basis for the history of central banks backing their currencies in gold or silver. Today, most national currencies have no backing in precious metals or commodities and have value only by fiat. With the exception of non-circulating high-value or precious metal issues, coins are used for lower valued monetary units, while banknotes are used for higher values.
The paper-making process for the new €50 banknote - from cotton bales to finished sheets
The story (and science) behind our money. And a cool musical trick. SUBSCRIBE to BrainCraft! http://ow.ly/rt5IE Go to http://prudential.com/savemore and learn more about how you can better plan for your retirement. BrainCraft was created by Vanessa Hill (@nessyhill) and is brought to you by PBS Digital Studios. Talking psychology, neuroscience & why we act the way we do. My Twitter https://twitter.com/nessyhill | Instagram https://instagram.com/nessyhill Written, Hosted, Produced, Edited and Animated by Vanessa Hill ✌️ Sound Mix by Joel Werner http://joelwerner.com/ 🎼 With thanks to AFTRS for having us at the YouTube Pop-Up Sydney. Director: Andrew Garrick DP: Steve Arnold Production Designer: Eve Waugh And thanks to Wendy Gray, Joel Werner, Cris Kennedy, Mitch Serena and Huw Morgan...
Venezuelan President Nicolas Maduro authorized the entry from Monday of the country's new currency bracket made up of banknotes and coins. Around 250 million coins are also being introduced across all the new values.
The printing process of the new €50 banknote - from printing sheets to finished product
The incredibly fast pro charged Nova, The Bank Note had a bad turn of events while running beside The Black Bird at Street Outlaws Takeover at Rockingham Dragway! FOLLOW ME ON SOCIAL MEDIA http://www.facebook.com/JMalcom2004
This is my bank note collection so far. I started collecting coins and bank notes roughly a year ago here in Okinawa, Japan. It's been pretty tough collecting from here but we move to the US soon and I will have better opportunities for buying coins and bank notes. My bank note collection consists of the US bank notes, malaysia ringit bank notes, indonesia rupiah bank notes, thailand baht bank notes, and taiwan new taiwan dollar bank notes. This is currently all I have for my US and foreign bank note collection.
Discover the special design elements of the Canada 150 bank note that celebrate our history, culture and land. Read about the note’s cutting-edge security features: http://www.bankofcanada.ca/banknote150
On 5 July 2016, Executive Board member Yves Mersch unveiled the new design of the €50 banknote, which will enter into circulation on 4 April 2017. The new banknote has enhanced security features and comes in more vibrant colours. The €50 is the most widely used euro banknote. For more information: http://www.ecb.europa.eu/euro/html/index.en.html
There's a little girl lives on our street she's awful sweet and pretty
The boys stand on their heads for her but she thinks they're all silly
She's got freckles on her nose her hair is light and sandy
Penelope Candance is her name but we call her Penny Candy
She doesn't know what a nickel is she's got no use for dollars
There's always a penny in her hand and a licorise on her collar
She's the sweetest girl in town the little boys think she's a dandy
But the monkey shines don't bother her when she's eatin' Penny Candy
Penny Candy she eats that messy kind Penny Candy she eats it all the time
[ guitar ]
She brightens up the neighborhood her little face is always glowing
And when she's in a hurry we all know where she's a going
It's to the little corner store that's awful close and handy
Then once again her happy face is black with Penny Candy
Penny Candy she eats that messy kind Penny Candy she eats it all the time
[ guitar ]
She's always got a smile for you if you should ever meet her
And with Candy on her face her smile is a little sweeter
Penelope Candance is her name and she likes that fine and dandy
But if you want to see her dimples show just call her Penny Candy