RealNews

African nations cleanup filthy money

With paper bills so rancid even beggars hate to touch them, French-speaking West Africa gets down to serious money-laundering Wednesday: An eight-country campaign aims to retire more than 1 billion dollars in decaying currency seen as much as vectors of disease as units of exchange. The cash campaign — already putting revamped, virgin bills into circulation — aims to replace currency in circulation since 1992 that bank officials say is deteriorating beyond use and ripe for counterfeiting. Full Story

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