ECB ‘did not approve’ production of €8,000 note
Central bank denies claims by issuing company that souvenir bill was created with its consent
The European Central Bank (ECB) has told Central Banking that a collectible €8,000 ($8,729) bank note does not qualify as legal tender.
Treasurium, a company based in Georgia, is issuing 5,000 of the notes to commemorate wine-making in the country, which it says goes back 8,000 years. The notes were launched at the International Money Fair in the Dutch city of Maastricht on September 27.
When Central Banking contacted Treasurium yesterday (October 15), the firm said the notes had been created
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