You have got to kidding me!

[gbmmbg]

2 hours ago, scott h said:

do not fold, spindle, staple or mutilate

Been a long time but i remember pulling a dictionary off the shelf to look up what " Spindle" meant. I was working for a hard ass gunnery sergeant and I learned fast not to F-up the paperwork.......

[Mike J]

21 hours ago, gbmmbg said:

Been a long time but i remember pulling a dictionary off the shelf to look up what " Spindle" meant. I was working for a hard ass gunnery sergeant and I learned fast not to F-up the paperwork.......

Speaking of do not fold, spindle, or mutilate Does this image bring back memories for anyone else?

 

[Gator]

13 minutes ago, Mike J said:

Speaking of do not fold, spindle, or mutilate Does this image bring back memories for anyone else?

 

Hahaha, yeah, the old punch cards ….. do not fold, bend, staple or mutilate. When I was 16 my first “real” job was sorting / delivering mail at the IBM corporate office in Princeton, NJ. They had a computer they fed those cards into …… it took up space in a room about half the size of a football field! The other half was filled by a machine that collated and sorted them.   

[sanagimo]

On 6/29/2022 at 8:56 AM, Mike J said:

The new Philippine 1000 peso note is made of polymer and the Central Bank says "you should not fold it".    Not sure if I should laugh or cry. 

https://ph.yahoo.com/news/sexist-unnecessary-netizens-slam-php1000-113142914.html

Coconuts Manila
Mon, June 27, 2022, 7:31 PM

ICYDK, the Bangko Sentral ng Pilipinas (BSP; Central Bank of the Philippines) released guidelines on handling the new PHP1000 polymer banknotes, which include keeping them flat and not folding them in half — as one inevitably would when storing them in a folding wallet.

BSP Governor Felipe Medalla realizes this and has asked the public to carry a longer-sized wallet instead, adding that women would not have a hard time because they carry handbags, a remark that clearly did not sit well with people online.

In an interview with One News, Medalla said, “One thing to adjust is to have wallets or purses that prevent it from being totally folded. The wallet must be as long as the bill so that the money wouldn’t need to be folded.”

“It’s easier for women because you have handbags,” he added in Filipino.

The BSP first announced last year that they were shifting banknote production from paper made of local abaca to polymer, at the expense of the country’s abaca industry, as polymer bills are supposedly stronger and more hygienic, an added consideration amid the pandemic, they said.

READ: Catanduanes officials oppose BSP shift to polymer banknotes

Yet Medalla warned that the polymer bills, supposedly more secure and durable than abaca bills, could break easily with too much folding.

The new guidelines from the BSP have raised concerns among netizens, who argued that handling the new polymer banknotes required more care than the traditional paper bills.

Canada uses the same notes and it works ok but they stick together often

[Guy F.]

12 hours ago, sanagimo said:

Canada uses the same notes and it works ok but they stick together often

The quality of plastic can vary wildly. I can imagine some politician's brother-in-law delivering substandard banknotes at an exorbitant profit.

Edited July 1, 2022 by Guy F.
apostrophe

[JJReyes]

Will the government demonetize the old 1000 piso note?  When?

 

[BrettGC]

On TV Patrol (ABS-CBN News) last night, a government official clearly stated that using a foldable wallet will not affect the note to the point where it can't be accepted anymore.  

https://news.abs-cbn.com/business/07/11/22/folded-banknotes-usable-for-transactions-bsp?fbclid=IwAR18_ooC-odZ72QPjsStc1ji6v1xW5HF0CYymxysLEE2Z1dSUL1BShbnOTY
 

Quote

 

Folded banknotes usable for transactions: BSP ABS-CBN News Posted at Jul 11 2022 11:26 PM Share Facebook Twitter LinkedIn Viber MANILA—The Bangko Sentral ng Pilipinas (BSP) on Monday said folded banknotes, whether paper or polymer, are valid and can be used for transactions. "As such, retailers and banks should accept them for day-to-day payment transactions," the BSP said in a statement.

Reports of establishments rejecting P1,000 new polymer banknotes surfaced on social media earlier. Some establishments supposedly did not accept them due to their folded condition. "Recently, the BSP issued guidelines on the proper handling of polymer banknotes. This includes storing banknotes in wallets where they fit properly (the typical bifold wallet fits this criteria), keeping them clean, and using them as payment for goods and services," the central bank said.

"The BSP stresses that the above guidelines apply to both paper and polymer banknote. The handling guidelines were issued to raise public awareness on the proper use of polymer and paper banknotes to safeguard their integrity and prolong their lifespan," it said. The BSP said the public can go to any bank for assistance if they doubt the authenticity of a banknote.

SM Supermalls earlier assured customers they can use folded bank notes to pay for purchases in its retail stores. "Only those that are mutilated - stapled and ripped caused by removal of staple wire - will be deemed unfit and not accepted. Our policy has considered the guidelines set by the Bangko Sentral ng Pilipinas," it said in a statement. SM warned Filipinos against "misleading social media posts" regarding the issue. Ilang establisyimento, nag-aalala sa tamang pag-iingat sa bagong P1,000 bill.

 

There's a related video as well, but it's in Tagalog.  

[Mike J]

7 hours ago, JJReyes said:

Will the government demonetize the old 1000 piso note?  When?

 

No they will not be demonetized.   Kind of related?  Have started seeing more of the 20 peso coins and the 20 peso notes are really starting to look shabby, dirty, nasty looking.  

https://business.inquirer.net/346508/no-bills-coins-will-be-demonetized-says-bsp

The 1,000-peso paper banknote and all other peso bills as well as coins that are currently in circulation will not be demonetized—at least until mid-2023—even as banks have received the initial 10-million pieces of the new 1,000-peso polymer banknote.

The Bangko Sentral ng Pilipinas (BSP) said on Tuesday the issuance of polymer banknotes—to be done in phases—began last week with a limited quantity.

The BSP intends that by 2023, there will be 500 million pieces of the plastic banknotes. This represents a trial through which the regulator will assess the feasibility of turning to polymers for the rest of the peso banknotes.

According to the BSP, the first batch of plastic bills is equivalent to 0.7 percent of the estimated combined number of 1000-peso paper and polymer banknotes now in circulation.

“Prior to release [of the 10 milion pieces], the BSP conducted technical briefings for bank personnel, machine suppliers, and cash-in-transit service providers to educate them on the design and security features of the polymer banknotes,” the BSP said.

Earlier this month, BSP Governor Benjamin Diokno said that it might take about six months for the new banknote to be widely circulated, considering that banks need as much time to reconfigure their automated teller machines to accommodate the plastic bill.

Diokno has reiterated that there will be no demonetization of currently circulating banknotes and coins during his term, which ends in July 2023.

The BSP made this latest clarification apparently in anticipation of a similar question raised when the 20-peso coin was issued in December 2019.

Regarding that, the BSP said the 20-peso coin shall co-exist as legal tender with the currently-circulating 20-peso NGC banknote, which will be removed from circulation through natural attrition. This meant that, while the older version will not be demonitized, its supply will not be replenished.  INQ

 

[sanagimo]

8 hours ago, JJReyes said:

Will the government demonetize the old 1000 piso note?  When?

 

eventually they will phase out all the old notes and replace them with plastic. all notes in Canada are now plastic. Someone asked me if I seen the new 100 dollar bill,,

I am so broke I never even seen the old 100 dollar bill!!!!

[sanagimo]

11 minutes ago, Mike J said:

No they will not be demonetized.   Kind of related?  Have started seeing more of the 20 peso coins and the 20 peso notes are really starting to look shabby, dirty, nasty looking.  

https://business.inquirer.net/346508/no-bills-coins-will-be-demonetized-says-bsp

The 1,000-peso paper banknote and all other peso bills as well as coins that are currently in circulation will not be demonetized—at least until mid-2023—even as banks have received the initial 10-million pieces of the new 1,000-peso polymer banknote.

The Bangko Sentral ng Pilipinas (BSP) said on Tuesday the issuance of polymer banknotes—to be done in phases—began last week with a limited quantity.

The BSP intends that by 2023, there will be 500 million pieces of the plastic banknotes. This represents a trial through which the regulator will assess the feasibility of turning to polymers for the rest of the peso banknotes.

According to the BSP, the first batch of plastic bills is equivalent to 0.7 percent of the estimated combined number of 1000-peso paper and polymer banknotes now in circulation.

“Prior to release [of the 10 milion pieces], the BSP conducted technical briefings for bank personnel, machine suppliers, and cash-in-transit service providers to educate them on the design and security features of the polymer banknotes,” the BSP said.

Earlier this month, BSP Governor Benjamin Diokno said that it might take about six months for the new banknote to be widely circulated, considering that banks need as much time to reconfigure their automated teller machines to accommodate the plastic bill.

Diokno has reiterated that there will be no demonetization of currently circulating banknotes and coins during his term, which ends in July 2023.

The BSP made this latest clarification apparently in anticipation of a similar question raised when the 20-peso coin was issued in December 2019.

Regarding that, the BSP said the 20-peso coin shall co-exist as legal tender with the currently-circulating 20-peso NGC banknote, which will be removed from circulation through natural attrition. This meant that, while the older version will not be demonitized, its supply will not be replenished.  INQ

 

I am not sure but these plastic notes have yet to be faked.