Archive for February, 2010
Czech National Bank Says “No” to Ads on Banknotes
In what may seem like an obvious decision, the Czech National Bank (CNB) has declared placing ads on banknotes “unlawful.” The statement stems from what was supposed to be a one-off gift of sorts from a Czech company called Vedici to its employees. As a unique way of congratulating its employees upon the completion of [...]
Indian charity issues zero rupee banknotes
Fifth Pillar, an Indian charity that confronts corrupt officials, has issued a zero banknote as a way to protest ongoing bribery and extortion in the country. The notes have no value, but look identical to Indian banknotes and carry the slogans “Eliminate corruption at all levels” and the pledge “I promise to neither accept nor [...]
FORTRESS PAPER ANNOUNCES APPROVAL OF INITIAL FINANCING FACILITY FOR PM1 REBUILD
Fortress Paper Ltd. (www.fortresspaper.com) announces the signing by its wholly‑owned subsidiary Dresden Papier GmbH (“Dresden”) of a factoring agreement of Dresden’s accounts receivables with GE Capital Bank AG (“GE”) in connection with the rebuild of PM1 into a banknote machine. The factoring facility is for up to EUR 12 Million (CDN $17.8M) commencing February 2, [...]
