Headline: Spain’s central bank prepares for E-day Source: Euromoney Date: July 2001 Author: Emily Wilkinson 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. On the other hand, to release too much information before the euro is actually in circulation is an invitation to counterfeiters to adjust their printing machines and start producing fake notes well in advance. There is a clear trade-off. To deal with these competing interests, the Bank of Spain has decided to circulate information about the notes, and finally the notes themselves, gradually to different organisations. |