On Banknotes
Courtesy of Bruce Krasting
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There is a curious story in the Swiss press today. On the surface it appears innocuous.
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Paper money has been in transition for the last ten years. Most of the big issuers of paper have updated their bills to minimize forgery. The US has spent a bundle on this effort, and it too has had problems and delays with issuing the new, more complicated money. So my first thought about the Swiss delay was that this is more of the same.
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