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Thread: Old Bank of England notes
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Old Sep 28, 2022 | 1:07 am
  #104  
Boraxo
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Originally Posted by GUWonder
One of the risks of holding old notes is there is devaluation/depreciation risk -- whether or not the issuing authority of a currency plays from the demonetization playbook.
That is one reason I has no regrets exchanging my UK notes at the forex booth. It appears I will lose less on my recent trade than I would have from keeping a small stash of UK currency.

At some point I think it will be time to short USD, but given the current fed policy I don't see that happening for a while.
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