It seems in honor of St. Patrick's Day, they have printed a souvenir note of 0 value. https://www.irishpost.com/news/limi...t-patrick-euro-banknote-to-be-released-205904
I never knew. Just looked it up. Wow - there are quite a number. I might get one - one with a nice design.
It's more European currency deflation. They've been charging retail and business customers for the privilege of parking their cash in their banks and for buying their national debt instruments. This is the latest step - cash with no purchasing power whatsoever. They did it in the '30s with inflation, now they're using deflation.
It's not actual cash though it's a company marketing scheme to make a few bucks. They charge $5 euros for it, and partner with the printer that prints the euro currency but it's not monetized and has no cash value. Even says "euro souvenir " on the note. Not much different than Disney dollars really but Disney dollars actually have a cash value at disney. The company is called "euro note souvenier". What's funny is I clicked the buy one, and its 5 euros and 4+ euros Ireland tax. Limited to 5000 issued x5 euros 25,000 euros for euro note souvenier and 20,000+ euros for irelands government in tax revenue. Not a bad deal for the parties involved and something for people to collect and 10 euros total asking price isn't steep really... it's basically just using their euro printer facilities to legitimize a zero value note that can't be spent as a keepsake or collector item. You can buy some of them on ebay for less than $5 so I don't see them being a "hot" collectible any time soon but you never know. I like the idea of it from an entrepreneurship and revenue generating standpoint, I think it's a brilliant idea with little cost involved. Bank notes I think cost like 10 cents to make regardless of denomination.
Exactly. I had a friend about two years ago who went on a trip to the UK. She brought back to me one of these type of notes as a souvenir. I'll dig it out of the huge souvenir chest I have up in the attic and post pix of it. The one I have might not have "Saint Patrick" on it but I do remember that it does have the Euro Souv and "0" denomination on it.
The 0 rupee notes were a protest note to highlight corruption and bribes being demanded by government officials. And it turns out they are older than I thought. They began in 2007.
