Central Banking

Who signs the banknotes?

In the past, many countries required that all issued banknotes be hand-signed by at least one person. This requirement was based on a tradition that preceded the existence of banknotes, when the equivalent of paper money was created by producing a formal document that specified certain financial obligations between two parties, allowed the transfer of the document with the financial obligation to a third party; and was signed (and sometimes sealed). In this way, the obligation became legally bin