Why aren't €100 and €200 notes more common?

It is really strange that with the cost of living so High in Ireland that we don't use 100 and 200 notes, definitely don't see why we don't use 100's like if we use a bank machine why is it defaulted to always give 50's.. When I pay my rent I hand over twenty 50 notes.

McGaggs wrote: »

The last time I encountered an issue with a card machine was more than 10 years ago, and it was due to the cashier not reading the display on the machine properly. I just used a card.

When the power is out in a shop, their tills don't work so they can't even do cash transactions.

Power is out in a shop they can hand write a receipt and they can use a calculator to verify the correct change. I’ve been in that situation.

Both options should be available to the consumer. Cash is legal tender ? It should be mandatory to accept. Up to the business to ensure all security, storage and accounting measures and procedures are safe . An exception could be say transactions over xxxx amount... say 15,000, like somebody buying a car.

Obvious Desperate Breakfasts wrote: »

In the UK, you don't even see £50 notes that often. My friend's British husband was in his 20s before he saw one. I never received a £50 note from an ATM when I lived there and only very rarely in shops.

Remember first time in Liverpool mid nineties, pubs wouldnt take 50s,

The only time I ever got a €200 note was out of an ATM in bloody Montenegro which isn’t even in the EU but uses the euro. Considering a pint was around a pound it was a nightmare and me and two others had to work up a massive tab in a restaurant and bar before they’d consider taking it; no shop would accept it really.

Wouldn't it be fair to say virtually all PAYE workers(the vast majority of irish workers) get paid electronically into their bank account (what payroll dept would pay in cash in 2020??) so therefore it would make sense to just use card to pay for something instead of queuing in the rain at an ATM?

Secondly, all those people who want to carry 100s or 1000 around in cash, are you not worried about losing it or theft. No comeback from that unlike a card.

Only bugbear I have is taxis, parking meters, a handful of mainly rural pubs and then many takeaways (who's card machines are mysteriously out of order indefinitely) will only accept cash (although some taxis and meters are starting to take them now). Everything else seamlessly takes card.

COVID has accelerated card/Google pay etc and people won't revert back. Most millenials never used cash anyway

Finally, OP is worried that "everyone in the bank" will know (or care) if he bought bread in Spar rather than Centra today if he paid by card...seriously??!!

ongarboy wrote: »

what payroll dept would pay in cash in 2020??

Some businesses that take in a lot of cash may pay staff in cash.

I think you mean gen Z dont use cash.
millenials are the previous generation.

theres plenty of small shops and chippers that do not accept cards they have no card machine.
credit cards charge the retailer 3 per cent transaction fee.
Its cash or else shop somewhere else.
drug dealers only accept cash.
gen z buys alot of drugs.
Just because you have no card does not mean you need to carry 100,s around you at all times.
if i go to the bank i get paid in 50,s ,i never got paid in 100 euro bills.
i spend maybe 30 euro on food every week, i do,nt see the need to get a credit card
if you read certain websites it always says in 3 years time we,ll all be driving electric cars .
Ireland is not sweden , especially in working class area,s many shops only take credit card.
maybe in 10 years time we,ll all be using phones to pay for everything.
Of course in china even the beggars and buskers take electronic payments .
its hard to buy anything in china with cash.

riclad wrote: »

credit cards charge the retailer 3 per cent transaction fee.
Its cash or else shop somewhere else.

There's a cost to cash as well and it can be more than 3%. You get charged to lodge cash to the bank, there's the risk of theft (employee and robbery) to factor in as well.