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
An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam.
more »
The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment.
more »
In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU.
more »
In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees.
more »
The EU budget is no simple matter, but then no budget ever is.
more »
Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday.
more »
With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs.
more »
The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »
The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks.
more »
The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday.
more »