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<p>[QUOTE="Richard M. Renneboog, post: 3026798, member: 89693"]Contrary to 'popular' opinion, bartering is NOT illegal in Canada. We are free to make any kind of mutually acceptable deal between individuals as we please. It should be obvious to anyone, however, that going in to Walmart and attempting to pay for your purchases by making a deal with the manager for something like 'artwork' is ludicrous in the extreme. All 'no longer legal tender' means is that the specific denominational form is no longer valid for general use. It does not mean that the value of the currency is not recognized. The $2 bill went the way of the dinosaurs here in 1996, but has been acceptable as circulating currency until just last month, when it and the $1000 bill were both designated as no longer being legal tender. Those pieces are no longer valid for general use, but the Canadian government honours their face value in perpetuity. They can be deposited into your bank account at any time, but they will not be returned to circulation. Unlike the United States, where the people seem to want to dictate what passes for money, we Canadians seem to have a better grip on what is reasonable in that regard and are quite willing to accept that our $1 and $2 coins are a superior form of currency than their paper forerunners, and that the $1000 bill should be a non-entity. Personally, I have never even seen a $1000 bill, and have never even been sure that such a thing exists (until now...). But I have seen plenty of paper money that is essentially unusable after a mere six months in circulation, costing taxpayers a ridiculous amount of money for the printing of replacement bills... oh, right! The United States still does that, to the tune of several billion dollars a year, for something that is just convenient for stuffing onto an exotic dancer's g-string and for little else.[/QUOTE]</p><p><br /></p>
[QUOTE="Richard M. Renneboog, post: 3026798, member: 89693"]Contrary to 'popular' opinion, bartering is NOT illegal in Canada. We are free to make any kind of mutually acceptable deal between individuals as we please. It should be obvious to anyone, however, that going in to Walmart and attempting to pay for your purchases by making a deal with the manager for something like 'artwork' is ludicrous in the extreme. All 'no longer legal tender' means is that the specific denominational form is no longer valid for general use. It does not mean that the value of the currency is not recognized. The $2 bill went the way of the dinosaurs here in 1996, but has been acceptable as circulating currency until just last month, when it and the $1000 bill were both designated as no longer being legal tender. Those pieces are no longer valid for general use, but the Canadian government honours their face value in perpetuity. They can be deposited into your bank account at any time, but they will not be returned to circulation. Unlike the United States, where the people seem to want to dictate what passes for money, we Canadians seem to have a better grip on what is reasonable in that regard and are quite willing to accept that our $1 and $2 coins are a superior form of currency than their paper forerunners, and that the $1000 bill should be a non-entity. Personally, I have never even seen a $1000 bill, and have never even been sure that such a thing exists (until now...). But I have seen plenty of paper money that is essentially unusable after a mere six months in circulation, costing taxpayers a ridiculous amount of money for the printing of replacement bills... oh, right! The United States still does that, to the tune of several billion dollars a year, for something that is just convenient for stuffing onto an exotic dancer's g-string and for little else.[/QUOTE]
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Bank of Canada is trying to flush out $1000 notes?
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