The trouble with moving cash

- Central Banking staff
- 01 Oct 2001

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ARTICLE - As Europe prepares to launch euro notes and coins on 1 January, 2002, even the slightest hiccup produces cries of alarm. So when shipments of coins to branches of Societe Generale did not tally with the amounts being debited from its account at the Banque de France, SocGen panicked.It could have been embezzlement, extortion or even a bank robbery, the Jeremiahs inside the bank were warning. Claire Pelle, a bank representative said: "We didn't know how much we had got. There had been

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