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Since the introduction of the euro, the legal tender euro's are loosing their 'value'. The question is if banning of legal tenders is allowed. For counterfeiting reasons it sound very reasonable. But businesses economical reasons are not a very customer friendly reason. Banks seem to have a big influence in this matter, since they are responsible for the distribution, and can charge as much handling costs as they want. Are we getting closer to full electronic payment? For businesses but also for banks a very economical attractive way of payment.
Soon after the introduction of the euro the 100, 200 and 500 euro notes for counterfeiting reasons got banned.
Self-adhesive sticker to show a shop doesn't accept 100, 200 and 500 euro banknotes.
Since September, 1 2004 the Netherlands introduced rounding to the closest 5 euro cent, in order to get rid of the 1 and 2 euro cents. 1 and 2 euro cents have very expensive handling costs. By banning them Dutch businesses save 30 million euro a year. Customers have the right to pay with 1 and 2 euro cents, but shops don't have to return them as change.
Self-adhesive sticker to show this shop rounds according to the rounding rules.
Since the summer of 2005 the Netherlands starts banning the Euro Collector Coins. According to the Platform Detailhandel they cause pollution of the till.
Self-adhesive sticker to show this shop doesn't accept 100, 200 and 500 euro banknotes and Euro Collector Coins.
Since the summer of 2005 shops are found in the Netherlands not accepting 1 and 2 euro cents. The reasons is still not clear. It seems to be very obvious also they cause pollution of the till. Another reason may be that banks can charge businesses to return coins. E.g. Postbank charges 30 euro cent a bag. A bag of 1 or 2 euro contains 50 pieces.
A proposed creative design for a new self-adhesive sticker to show this shop doesn't accept 1 and 2 euro cents, 100, 200 and 500 euro banknotes and Euro Collector Coins.
A proposed creative design for a new self-adhesive sticker to show this shop accepts credit/bank cards only.
First polymer bank note: Australia 1988
Last update: 09-09-2005
by: Lex Liesemeijer
www.eurocoins.liesemeijer.com