Tuesday, January 2, 2007

V’s Discovery in DILI…is that a dollar bill?

When newly independent East Timor adopted the dollar after seceding from Indonesia in 1999, the U.S. Treasury dispatched planeloads of paper money and tons of small-denomination coins to the impoverished Pacific nation.
And I am convinced that the money, especially the US one dollar bill, has not ‘leave’ the country ever since.









Take a look at the dollar bill (specimen picture above). Its crap, isn’t it? And I am sure that such old, worn and over-circulated dollar bill will not be accepted anywhere in the world.
Heard from a Malaysian friend who brought back the dollars to his country at the end of his six-month stint here in TL, and was wholesomely rejected from exchanging the money!
Heard also of people withdrawing a thousand dollars from a bank (not that there are many banks here anyway) and got themselves a bag loads of ten and twenty dollars bill (where have all the fifty and hundred dollars bill gone to?)…
And the banks continue to circulate the old and worn one dollar crap (and smells too). Isn’t it the duty of the banks to take them out of circulation and issue new ones?

What do u say, bank managers?

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