Spain’s central bank prepares for E-day

Headline: Spain’s central bank prepares for E-day Source: EuromoneyDate: July 2001Author: Emily Wilkinson         A growth in bank note forgery is what most worries Spaniards about the introduction of a new currency. The euro could easily become a counterfeiter’s dream if Spain’s central bank does not take sufficient action to alert businesses […]

Headline: Spain’s central bank prepares for E-day
Source: Euromoney
Date: July 2001
Author: Emily Wilkinson

       
A growth in bank note forgery is what most worries Spaniards about the introduction of a new currency. The euro could easily become a counterfeiter’s dream if Spain’s central bank does not take sufficient action to alert businesses and the public. The Bank of Spain (Banco de España) believes it has done so.

The problem for the Bank for Spain – and other European central banks – is that to prevent false bills being accepted the public needs to be educated about the euro notes, so that people learn to recognise the new currency and can identify fake notes.






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