EU BOOSTS CONTROLS ON FAKE EUROS
January 1st, 2009 BY KEITH NUTHALL
A LEGAL obligation has been proposed by the European Commission to force European Union (EU) banks and other credit institutions to check the Euro banknotes and coins they receive for counterfeits before putting them back into circulation. Also, assuming EU ministers and the European Parliament agree, a special counterfeit-check procedure would be established for any transfer of notes and coins from national governments and central banks to EU institutions and agencies.
ENDS
A LEGAL obligation has been proposed by the European Commission to force European Union (EU) banks and other credit institutions to check the Euro banknotes and coins they receive for counterfeits before putting them back into circulation. Also, assuming EU ministers and the European Parliament agree, a special counterfeit-check procedure would be established for any transfer of notes and coins from national governments and central banks to EU institutions and agencies.
ENDS
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