all about philippine money

[saitohkiyohiru]

---

@TRIOMATIC...Tumpak kaayo ni na explaination iyaha in terms of the practical use of money.

Just to add, the value of our paper bills is not in the material itself but in the gold deposit equivalent in the World Bank. That's why money must be well regulated and must be difficult to replicate. Do you remember the story of Evita? Eva Peron...What she did was an example of replicating valueless money. She had printed a lot of copies of their money, same quality, same paper, serial numbers and all. But the money she reproduced had no gold deposit equivalent in the world bank. Thus in world trade walay bili ila kwarta. Paper money by itself has no value...It only has value because of the gold deposit equivalent it has which is verified through its serial number, and probably that thin metallic strip inserted into the paper money(Im not sure about this), which is of course registered at the world bank.

[TRIOMATIC]

naa man 1000 bill na gum-os bro, and when u said na dili kaau mo circulate ang 1000 bill, tan-awa sa bank, u see a lot of 1000 bills, some g deposit and some g withdraw... everyone handles money and circulates them ma big value o dili ,ma paper o ma coin mo circulate tanan...

and i think it has nothing to do with gasto kung mag cge print money, it myt be but not really the reason...

bay have you seen a 1000 bill na i handle sa mga konductor sa jeepney? kanang ilang i sipit sa ilang kamot na pirting gum.osa. wala diba? so kannag 1000php, mas less ang gamit ana. and if ever mo circulate . It doesnt damage as much.
The more a note circulates, the more dali xa ma guba. means you have to print more, which costs more.
Thats why they need to make the smaller bills into coins para durable

[TRIOMATIC]

@TRIOMATIC...Tumpak kaayo ni na explaination iyaha in terms of the practical use of money.

Just to add, the value of our paper bills is not in the material itself but in the gold deposit equivalent in the World Bank. That's why money must be well regulated and must be difficult to replicate. Do you remember the story of Evita? Eva Peron...What she did was an example of replicating valueless money. She had printed a lot of copies of their money, same quality, same paper, serial numbers and all. But the money she reproduced had no gold deposit equivalent in the world bank. Thus in world trade walay bili ila kwarta. Paper money by itself has no value...It only has value because of the gold deposit equivalent it has which is verified through its serial number, and probably that thin metallic strip inserted into the paper money(Im not sure about this), which is of course registered at the world bank.

mao jud bay. also when I meant mo Print og kwarta, i didnt mean to print so many. just enough to replace the bills that get damaged beyond use

[robertski3]

@TRIOMATIC

sakto jud bay... inig year 2100 nanay 1k coin nya ang bobot tag tulo 1k na..

[LoBo]

dako kay alangan mo butnag ka 1000 sa coin hehehe ka bug at oroy sa bulsa noh hehehe..

[glenntacan]

but still ur bringing a coin which is more heavey than a paper money, ma paper money or ma coin ang dakog value, or the amount of money spend sa making the paper or coin d japon mo matter, it doesnt really matter, paper money is made is for convenience lang in handling the money... coz paper money is lightweight so its easier to handle, imagine a bills counter for coins hahaha.... or imong 1000 is a coin, imong kumkumon sa imong kamot d kaha delikado mawala compared sa paper money na 1000 na dako na makuptan nimo or place in a wallet...

my view on why there is a coin and a paper money... its para ma distinguish nimo ang one money to another kay confusing kung puro nalng paper ang money in the same way confusing pud when puro nalng coins... and y coins are of small value pud kay its because its usually ginagamit in paying small valued items...

so its for convenience ra jud...

pero kung ato sang i-analyze in terms of durability ug life span sa money mas lig-on man sad ang coin kaysa papel.
ang advantage lang sa papel is mas convenient siya dad-on.
perog magsunog-sunog dretso jud kaabo ang papel, ang sinsiyo puyde paman puniton.