"TONS OF MONEY”

Evening Star, Issue 21055, 18 March 1932, Page 9

"TONS OF MONEY”

— DEALERS' EMBARRASSMENT IN RUMANIA 151’(AHA I JEST, -A la nil 8. Tlio tons of metallic money of small denomination minted by the British ami French Mints lor ilumania to take the place of certain bank notes which had become unusable following exchange depreciation, have created a now transport problem for the small dealer. A furnisher of the commercial department of one of the arrondissements of tlio Mayoralty of Bucharest recently called to collect 200,000 lei, or less than £4OO at the present rate. To his surprise and embarrassment ho was handed twenty-eight sacks of heavy metal, each containing 7,000 lei, and weighing altogether over loewt. While the was scouring the streets in search for a dray, a guard was employed to protect the sacks, which were later moved hy a gang nf men. Since tlio largest bank note in circulation at present is 1.000 lei, or less than £2, it is expected that similar incidents will occur until the 5,000 lei notes are in circulation, especially since the quantity of metallic money is increasing, and an additional order for 1,800,000,000 lei has recently been placed with the British and I*reach .Mints.