Central Banking

Maharishi Yogi's cash legal, says Dutch bank

The Dutch central bank said on Tuesday that an organisation founded by Beatles guru Maharishi Mahesh Yogi had not violated the law by issuing and using its own currency in the Netherlands.

The Global Country of World Peace organisation of Maharishi Mahesh Yogi, an Indian mystic living in the small southern Dutch village of Vlodrop, issued brightly coloured notes of one, five and 10 "raam" last October.

The bank, which said on Saturday it would investigate the currency, said it had received no i