Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

The cost of printing currency shared by deniscanada DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The cost of printing currency shared by deniscanada

Go down

The cost of printing currency shared by deniscanada Empty The cost of printing currency shared by deniscanada

Post by Ponee on Fri Feb 27, 2015 11:14 am

The cost of printing currency is expensive the costs from that I can see is from as low as 6.4 Cents to as high as 12.5 cents per paper note. Then there is polymer notes(plastic) from what I have seen is 25%(as in Canada) to 50% (as in the UK) more expensive to print than paper. Iraq is having a currency shortage and can barely pay there staff.
 
The 50 Dinar note is worth about 4 Cents. I'm no genius but if you print the 50 Dinar note you going to lose your shirt. It could cost as high as 20 cents to print something that is worth 4 cents. The links below are where I got my info.
 
 
1. Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing in Washington. The C-note just got a colorful makeover — and a heftier price tag. The revamped $100 bill costs 12.5 cents to produce — a 60% increase over the 7.8 cents it cost to print the older version of the bill.Oct 9, 2013
 
https://www.google.c... print currency
 
1. The government produced 6.4 billion new currency notes last year. Each one cost 9.6 cents to produce, including the cost of paper and printing. In 2008, it only cost 6.4 cents a note, a tiny bit more than it did in 2007, according to the U.S. Bureau of Engraving and Printing.Mar 8, 2011
 
http://money.cnn.com...cotton_prices/ 
Even though it’s referred to as “paper” money, most of the material used to produce U.S. banknotes is actually cotton. And with raw cotton costs at a 140-year high, it’s costing more money to print money.
In just two years, the average cost of producing a single banknote has risen from $.064 to $.096 per bill. Considering that more than 6 billion new notes were printed last year, that’s a cost difference of nearly $200 million.
As we reported last week, the Government Accountability Office has once again advised the government that it could ultimately save billions by taking dollar bills out of circulation and replacing them with dollar coins which last significantly longer than the average banknote.
 
http://consumerist.c...nsive-to-print/
 
 
Polymer notes (plastic)
Aug 29, 2013 - OTTAWA - The cost of printing plastic money is contributing to a 23 per cent jump
 
http://www.macleans....ng-costs-by-23/
 
Britain’s new plastic banknotes will cost 50% more to make
 
http://qz.com/122772...-fit-in-wallet/

*****************
Ponee
Ponee
Admin
Admin

Posts : 35406
Join date : 2011-08-09

Back to top Go down

The cost of printing currency shared by deniscanada Empty Re: The cost of printing currency shared by deniscanada

Post by Kevind53 on Fri Feb 27, 2015 11:48 am

Well since they already have the notes in circulation, and I'll point out that they were placed in circulation when the dinar was worth far less ...

The cost of printing currency shared by deniscanada Invali10

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 The cost of printing currency shared by deniscanada 2805820865  The cost of printing currency shared by deniscanada 2805820865  The cost of printing currency shared by deniscanada 2805820865  The cost of printing currency shared by deniscanada 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27215
Join date : 2011-08-09
Age : 20
Location : Umm right here!

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum