In Europe it's hard to avoid a steady buzz of controversy over the arrival of the euro as official currency on Jan. 1, 2002
Published:
23 December 2001 y., Sunday
In Europe it's hard to avoid a steady buzz of controversy over the arrival of the euro as official currency on Jan. 1, 2002. Experts are worried that people are going to take advantage of changeover confusion and produce counterfeit notes.
Just ask Bob Bednar, an American currency expert who is marking the big New Year's Day currency conversion with a counterfeit note to top all counterfeit notes.
It's a 1-million Euro note, rife with security features and yes, as a matter of fact, Bednar has generously offered to ship several to interested members of the media.
"I've been able to come up with a design that I feel should commemorate the issuance of the euro," Bednar said in a phone interview. "I made it 1-million euro notes, because nobody is going to think there's a 1-million euro note."
Bednar, CEO of Naples (Florida) Bank Note Company, does not in any way make light of the potential for trouble in Europe. Concerns are so high, the euro notes will not be available until Jan. 1, 2002, even though so-called starter kits of euro coins have turned out to be a hit with the public. Both national currencies and euros will be in circulation during a transition period lasting into February.
Šaltinis:
wired.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »