Saturday

22nd Jul 2017

The euro: a weak currency?

The silver strips on small euro notes are wearing away after heavy usage, causing innocent people to be accused of forgery, reports the German tabloid Bild.

The paper cites the case of a woman who went to her bank and ended up being questioned by the police. The note she had was genuine but it was suspected of being fake because the strip had frayed off.

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This is not an isolated occurance, reports Bild.

A spokeswoman for a printing company in Munich says she has also experienced this problem and advises euro-users to treat the notes with care.

The paper harks back to the days of the good old Deutschmark (DM) in Germany. DM notes were taken out of circulation after two years but an expert from Germany's central bank - the Bundesbank - said, "for euro notes, I hear it is one and a half years".

So you should take a close look at your euro notes. Some economists believe the euro is a weak currency. It seems that - in a literal sense - they were correct.

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