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hugekebab
Joined: 05 Jan 2008
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 Posted: Thu Feb 25, 2010 4:45 pm Post subject: The Pound may be facing a crisis. Hold onto your Won! |
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http://www.guardian.co.uk/business/2010/feb/26/double-dip-recession-fears
'Fears of a double-dip recession and a sterling crisis in the run-up to the election were raised last night amid news of collapsing investment in British industry and a warning from one of the world's leading financiers that the pound could plummet within weeks.
The pound fell sharply on the foreign exchange markets after a day of grim economic news which saw an admission from RBS that it had missed government targets for business lending, a downgrading of the UK growth prospects by the European commission and a warning from the CBI that consumer spending was likely to remain weak ahead of polling day.
Sterling, already down by a cent against the dollar following the release of official figures showing capital expenditure plunging by almost a quarter between late 2008 and late 2009, saw its losses doubled after Jim Rogers, the former business partner of speculator George Soros, said sterling was a potential "basket case".'
Even though the exchange rate is excellent at the moment, I think I'm going to hold onto my Won for another month to see how the x rate pans out. |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Thu Feb 25, 2010 4:51 pm Post subject: |
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| i've never even seen a pound note before |
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hugekebab
Joined: 05 Jan 2008
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| Posted: Thu Feb 25, 2010 5:08 pm Post subject: |
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Uh...good to know lol.
They are coins not notes though. |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Thu Feb 25, 2010 5:10 pm Post subject: |
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| hugekebab wrote: |
| They are coins not notes though. |
good to know lol |
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nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
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| Posted: Thu Feb 25, 2010 5:29 pm Post subject: |
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Nothing quite so strange as a one pound note.  |
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the ireland
Joined: 11 May 2008
Location: korea
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craigmcc1982
Joined: 07 Jun 2006
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| Posted: Thu Feb 25, 2010 5:39 pm Post subject: |
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| We use �1 notes in Scotland. |
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tc20
Joined: 28 Nov 2009
Location: korea
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| Posted: Thu Feb 25, 2010 7:34 pm Post subject: |
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Ive got a paper back paek won(100W) and ship won(10W) somewheres.
I guess it was alot of money back in the day. |
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Globutron
Joined: 13 Feb 2010
Location: England/Anyang
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| Posted: Thu Feb 25, 2010 7:47 pm Post subject: |
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| You guys never played monopoly before? |
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AustSaint
Joined: 26 Jun 2003
Location: Yongmun
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| Posted: Thu Feb 25, 2010 7:51 pm Post subject: |
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| I have a 500 won Yi sun-Shin note that I use as a bookmark, I remember being on a train back home and some Koreans talking about it, "oh bek won"..great days |
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tall_dave
Joined: 02 Nov 2009
Location: Songtan, S. Korea
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| Posted: Thu Feb 25, 2010 11:06 pm Post subject: |
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| hugekebab wrote: |
Uh...good to know lol.
They are coins not notes though. |
Are they sterling silver coins? |
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the ireland
Joined: 11 May 2008
Location: korea
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| Posted: Fri Feb 26, 2010 5:00 am Post subject: |
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| tall_dave wrote: |
| hugekebab wrote: |
Uh...good to know lol.
They are coins not notes though. |
Are they sterling silver coins? |
I hope that what a mash up of sarcasm and wit.
1 pund coins are the smallest, fattest coins I have ever had to carry...put three or four in the change part of a wallet and your wallet becomes fatter than your average cake loving child |
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hugekebab
Joined: 05 Jan 2008
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| Posted: Fri Feb 26, 2010 6:10 am Post subject: |
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| VanIslander wrote: |
| hugekebab wrote: |
| They are coins not notes though. |
I'm a nob |
Last edited by hugekebab on Fri Feb 26, 2010 6:28 am; edited 4 times in total |
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hugekebab
Joined: 05 Jan 2008
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| Posted: Fri Feb 26, 2010 6:11 am Post subject: |
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Yeh I remember 'em from when I was a kid. Do come across a Scottish one now and then. |
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ChrisGuy
Joined: 19 Oct 2009
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| Posted: Fri Feb 26, 2010 11:16 am Post subject: |
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| Hugekebab... that fellow in your picture, is that a street vendor in Iteawon? Im 95% sure I just bought a kebab about an hour ago from that guy.... |
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