COUNTERFEIT NOTES.
RUN ON BANK CAUSED. IPer Press Association—Copyright). MADRID, June 15. The Bank of Spain, on discovering a few counterfeit notes, refused to cash them. A rush on the coinage followed, and since Saturday 100,000 residents in Madrid have demanded that their notes be exchanged for cash, with the result that £3,500,000 worth of paper money has already been exchanged. Only 12 false notes have thus far been found. General Primo do Rivera denounces the bank's folly of discrediting paper currency instead of changing a few notes without profit.
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Bibliographic details
Ashburton Guardian, Volume XLVIII, Issue 10944, 16 June 1927, Page 5
Word Count
90COUNTERFEIT NOTES. Ashburton Guardian, Volume XLVIII, Issue 10944, 16 June 1927, Page 5
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