Good morning, Keith, Well, at a minimum, no treasury will have destroyed their currency plates. I am guessing that such appendages as issuance dates and Treasurer signatures (as on the US$) are super-printed to the notes at the last moment.
Good news for yours truly: I have a bit of a stash of the pre-Euro currencies myself. Not out or prescience, but out of long-ago laziness and preoccupation with other matters. Of course, I have a largish stash of the old and now invalid Soviet rubles as well. I'd say that in the collectors' market these must be worth at least, say US$ 0.93. :D Cheers, Lawry On Jun 26, 2012, at 3:13 AM, Keith Hudson wrote: > In the 17 countries of the Eurozone there are 17 warehouses stuffed with > adequate numbers of brand-new bank-notes of what, at the moment, are their > former currencies -- lira, pesetas, guilders, francs, deutschemarks. > drachmas, whatever. It cannot be imagined that any self-respecting civil > service would not already have organized this within at least the last two > years of heightened concern about the future of the euro. It may even be the > case that some prescient treasury departments didn't incinerate their old > banknotes ten years ago and simply stillaged them in a convenient salt mine, > ready for re-use if necessary. > > At the same time, if statements here and there are to be believed, scores, > perhaps hundreds, of transnational corporations will have already set up > parallel accountancy systems which could be activated if any or all the > Eurozone countries go native. Certainly all banks will have done so. Indeed, > a day or two ago, investment experts at Deutsche Bank have said that the > collapse of the Eurozone "is a very likely scenario". Silvio Berlusconi, > former prime minister of Italy and clown though he is, is thinking of leading > his party on a return-to-lira ticket. Given that prime minister Mario Monti's > austerity measures are already causing riots in Italy then Berlusconi might > well be onto a winner unless the authorities find some pretext of locking him > up after a quick trial. (And, goodness knows, there's already plenty of > evidence of corruption on which his colleagues have already been found > guilty.) > > Oh! and by way of a postscript, we might mention that many sensible Eurozone > individuals are also trying to insure themselves against a calamitous > collapse of the Eurozone. Every now and again a plane load of krugerrands is > flown from South Africa to Europe. Gold dispensing machines are being > installed in some German hotels. The Pan Asia Gold Exchange, knowing a good > market when it sees one, is intending to open depots in Europe where > internet-purchasers of gold can store it or collect it. > > Meanwhile, senior Eurozone politicians and bureaucrats will continue to > assert that all will be well. And, because most of masses are totally > bewildered by all the financial jiggery-pokery going on, and are always > inclined to believe good news rather than disaster, the propagandists will be > believed. Right up to the last moment. > > Keith > Keith Hudson, Saltford, England http://allisstatus.wordpress.com > > > _______________________________________________ > Futurework mailing list > [email protected] > https://lists.uwaterloo.ca/mailman/listinfo/futurework
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