“Greece’s central bank had billions of euros of banknotes shipped in from other central banks to avert a bank run during the country’s debt crisis as depositors withdrew their money. Fears the debt-laden country might ditch the euro and return to the drachma led Greeks to pull out billions of euros of savings in the last three years, stashing their cash under mattresses or in safe deposit boxes. To meet the high demand for cash, the Bank of Greece had loads of banknotes secretly airshipped from abroad, feeding it to banks throughout the country to avoid shortages that could have intensified worries and set off a bank run.”
http://www.reuters.com/article/2013/03/03/us-greece-banknotes-airlift-idUSBRE92209G20130303
Related posts:
Fidelity now allows clients to put bitcoins in IRAs
Sexual predator investigator probed for sex with teenage boy
These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin
CCTV cameras being used in school changing rooms and toilets
Russian spokesman mocks Britain, the little island
U.S. denies alleged plot against Venezuelan government
Chicago police detain Americans at abuse-laden 'black site'
Trust in Gold Not Bernanke as U.S. States Promote Bullion
Arkansas to vote on legalizing medical marijuana in November
Georgia high schoolers win $3M settlement over fruitless drug sweep
Deposit Flight From Europe Banks Eroding Common Currency
Kansas couple: Indoor gardening prompted pot raid
Homeland Security agent arrested after road rage shooting at mall
Jeff Berwick on Bloomberg TV: Galt's Gulch Chile and Bitcoin
Calgary student, 13, reprimanded for defending his classmate against a knife-wielding bully