COUNTERFEIT NOTES
DISCOVERY CAUSES RUSH ON BANK. (Rec. 7.5 p.m.) Madrid, June 15. The Bank of Spain, discovering a few counterfeit notes, refused to cash them. A rush on coinage followed, and since Saturday a hundred thousand residents in Madrid have demanded that notes be exchanged for cash, with the result that £3,500,000 worth of paper money has already been exchanged and only twelve false notes have thus far been found. General de Rivera denounces the bank’s folly of discrediting the paper currency instead of changing a few notes without profit.—A. and N.Z.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19270616.2.57
Bibliographic details
Southland Times, Issue 20205, 16 June 1927, Page 7
Word Count
93COUNTERFEIT NOTES Southland Times, Issue 20205, 16 June 1927, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in