Foreign Exchange Certificates - Banknotes or Exonumia? [solved]

Exonumia includes the category foreign exchange certificates, yet many FOREX certificates are listed as “local banknotes” or even just “standard banknotes”, such as these:

* Cuban FOREX certificates
* East German Forumscheck
* Certain Soviet FOREX certificates
* North Korean FOREX certificates

Could this be clarified or rectified please?

If we're voting, I'd put them all in Exonumia.

ceh2019

If we're voting, I'd put them all in Exonumia.

I entirely agree, they're currency instruments rather than technically circulating currency.

Exonumia. This was discussed for other countries, and the majority of opinion was in favour of Exonumia.

Stendec

Exonumia includes the category foreign exchange certificates, yet many FOREX certificates are listed as “local banknotes” or even just “standard banknotes”, such as these:

* Cuban FOREX certificates
* East German Forumscheck
* Certain Soviet FOREX certificates
* North Korean FOREX certificates

Could this be clarified or rectified please?

They should be under ‘Banknotes’, as they were authorised by the local central banks & their respective governments.

They do NOT belong under ‘Exonumia’.

Aidan.

BCNumismatics

 

They should be under ‘Banknotes’, as they were authorised by the local central banks & their respective governments.

 

They do NOT belong under ‘Exonumia’.

 

Aidan.

It's how they were used that matters, not who authorized them.

ceh2019

BCNumismatics

 

They should be under ‘Banknotes’, as they were authorised by the local central banks & their respective governments.

 

They do NOT belong under ‘Exonumia’.

 

Aidan.

It's how they were used that matters, not who authorized them.

In the guidelines (updated 9 May 2023) the key is actually whether they have “a determined value (denomination) within a currency system”, not how they were used (and also not authorization). Intent to circulate isn't required.

Do the certificates have a determined value in a currency system? Looking at one of the items in the list from the original post, it could be argued that doesn't seem to have a value, but can be exchanged (in specific places) for something that does:

The Spanish Bank of The Havanna to the presentation of  this banknote, will pay to the bearer five cents in cash.

That argument would place the items in Exonumia.

On the other hand, if they did actually circulate (and the pictured item looks well circulated) then it gets a denomination from the circulation (Guidelines: "The denomination may be explicit or implied by de facto use.") and belongs under Banknotes.

bjherbison

 

In the guidelines (updated 9 May 2023) the key is actually whether they have “a determined value (denomination) within a currency system”, not how they were used (and also not authorization). Intent to circulate isn't required.

Do the certificates have a determined value in a currency system? Looking at one of the items in the list from the original post, it could be argued that doesn't seem to have a value, but can be exchanged (in specific places) for something that does:

The Spanish Bank of The Havanna to the presentation of  this banknote, will pay to the bearer five cents in cash.

That argument would place the items in Exonumia.

On the other hand, if they did actually circulate (and the pictured item looks well circulated) then it gets a denomination from the circulation (Guidelines: "The denomination may be explicit or implied by de facto use.") and belongs under Banknotes.

 

 

Presumably the “intent to circulate” caveat is there to allow for commemorative pieces sold at a premium to collectors. That doesn't cover these pieces, so the question is purely whether or not they were in general circulation. The note you linked to is not a Cuban FOREX certificate (it's a regular note), but this is.

I set up a hint for those to be moved to Exonumia. They belong there according to guidelines.