War5oldier

joined 6 days ago
 

I've heard that food served in American schools is bad because of the fact that it's either fast food corporations taking the spotlight or outsourcing the labor to third party contractors (the same ones who make food for inmates across prisons) but fed towards kids.

Yep, that's actually the case for them. As comments like: "the food kids are fed at school is exactly prison chow" are said. The company under contract makes the same "slop" inmates eat then ship that at schools for kids (seriously, what are they feeding them?)

In comparison:

  • How good is cafeteria food at school in your country?
  • Is the food quality actually good as if it's "home made"?
[–] War5oldier@lemmy.world 1 points 4 days ago* (last edited 4 days ago) (1 children)

who uses cash nowadays

Cash exists for a reason such as in the case of power outages, most payment systems are down in that type of scenario, since those are reliant on electricity so cash is a back up.

[–] War5oldier@lemmy.world 9 points 4 days ago* (last edited 4 days ago) (13 children)

No shop accepts them. ATMs give out 50 euro notes

Will electronic stores accept either 100 or 200€ bills when purchasing an iPhone for 1500€ upon paying in cash? Also, can you pay only with 200€ (x30) only in physical currency when purchasing a 8K TV that may be 6000€.

[–] War5oldier@lemmy.world 5 points 4 days ago* (last edited 4 days ago) (3 children)

100€ is not that common

But, can you visit a bank enquiring if they stockpile that denomination? (Same with 200 or 500€ bills) Like, "can I withdraw 5000€ in cash from my account consisting of only 100 & 200€ bills?"

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submitted 4 days ago* (last edited 4 days ago) by War5oldier@lemmy.world to c/europe@feddit.org
 

I know that the 500€ bill ceases to exist on the new series of bank notes (as they capped it at 200€) but those who possess the older series with that denomination can still use it as legal tender, but is it that common for Europeans to have a 200€ bill in their wallet? I've heard as to why they ceased on printing 500€ is mainly relating to both criminal activity or money laundering as that denomation has been abused as such.

200€ is the second highest one, although the older 500€ bill is no longer in circulation. Do ATM's disperse either 500 & 200€ bills regarding cash withdrawals within that amount or do they just give that amount in smaller denominations equating to that much (like consisting of 20, 50 or 100€ bills)? If ATM's don't just give out a 200€ bill when withdrawing that much or more, does one have to visit a bank (branch) to get one?

 

I mean, due to the war with Iran: will these currencies (mentioned below) lose value because the strait of Hormuz is under threat despite that route being vital for the transportation of crude oil worldwide?

I'm mainly talking about:

  • UAE Dirham
  • Kuwaiti Dinar
  • Bahraini Dinar
  • Qatari Riyal
  • Saudi Riyal
  • Omani Rial

The thing is that, these currencies are known for being stable due to the demand for crude oil (which ensures demand for their currency), strict monetary polcies from central banks & pegged to the USD.

To put into perspective: the Ukrainian Hryvnia has been devalued by 25% following Russia's invasion deeming it a weaker currency than it used to be. The thing is with let's say the Omani Rial, it's pegged to the USD (same with both QAR & AED) while KWD is pegged to an undisclosed currency basket. Oil is the key player as to why GCC currencies are strong.

With the strait of Hormuz under threat as Iran is attempting to obstruct vessels transporting crude oil, would that mean let’s say the Qatari Riyal will lose value? For instance: the Kuwaiti Dinar is a strong currency but with recent events (like fighter jet being shot down by an Iranian drone or Iran themselves attacking US bases situated in Kuwait) will that status change?