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Japan Misprints Some New Currency; Vending Machines Out Of Luck
from the whoops dept
With high quality printing methods getting increasingly less expensive, it keeps getting easier for scammers to print counterfeit money. As a result, treasuries around the world have been more proactive in regularly changing their currencies and continually adding various anti-counterfeiting systems to the bills. Since cash is going to stay around for a while it's worth thinking about the impact rapidly changing currency can have. For example, vending machines that accept currency need to be able to keep up with the changes -- which could be quite a challenge. However, in Japan, it's become a bit more challenging -- mainly because the National Printing Bureau screwed up when printing up some of its new currency. The Raw Feed points out that some sort of printing glitch with the new bills means that nearly 40,000 bills don't work in vending machines throughout Japan. The bills still look the same, and the Bank of Japan claims they're still valid currency... just not to any vending machine. The National Printing Bureau, however, admits that while they may be valid, technically, the bills are "defective," but no recall will be put in place. Of course, no one indicates if there's any way to update the vending machines -- but with only 40,000 defective bills out there, perhaps it's just not worth it. Either way, you'd have to think that vending machine owners are not happy about this development.
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First post!
BWAHAHAHA!
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DOH
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Call in the Collectors
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Unlike the US, Japan uses vending machines for everything. Many restraunts have replaced cashiers with ticket dispensing machines. The train/subway tickets and prepaid passes are sold via machine. There are even vending machines for beer, tobacco, batteries, underwear and ties to name a few of the unusual ones.
The idea of testing bills using the machines is good but some machines only give change in coins so I may end up carrying a lot of change. (roughly $10 is the smallest paper bill)
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Only 40,000
The odd bills will either be collected by the BOJ and disposed of, or collectors will figure out how to identify the bills and put them in nifty looking picture frames.
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I don't imagine it will be a big deal.
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Hmm
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Credits
I hardly carry any currency on me at all, I use my checkcard for everything. And I know there are vending machines capable of taking credit cards.
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Interestingly, those shops that do take credit cards do not require signatures.
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?????
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how to identify currency
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What about the vending machine owners?
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