“Useless” $50 Note to be Phased Out in Sydney

50 note

Sydney is set to phase out the humble $50 note over the next few months after widespread complaints that the denomination lovingly known as a “pineapple” is not worth enough to purchase anything in Sydney.

Sydney isn’t the first city to consider canning the $50 note, according to The Royal Australian Mint.

“Perth had the same problem during the mining boom, when a builder’s tea, which consists of an English breakfast teabag, milk and nine sugars, would cost up to $700,” a spokesperson said. “However, our data tells us things will only get more expensive in Sydney and it’s time to recall the fifties, add a zero and reissue them as $500 notes.”

Frustrated small-business owners agree the $50 note needs to go. “If diners want to use cash, they need a whole wheelbarrow full of fifties to pay the bill, and up to seven wheelbarrows if they want smashed avo,” one café owner said.

While $50 notes are being recalled and repurposed, the government has urged people to simply discard “irredeemable” smaller denominations, with fire pits being dug in key locations across the city’s southwest.

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