Oct 6, 2003

Dutch Central Bank allows new 'currency' issued by group founded by Maharishi Mahesh Yogi

India Today
October 6, 2003


Raam notes gain currency
AMSTERDAM: A new "currency" issued by a group founded by Maharishi Mahesh Yogi can be used, the Dutch Central Bank has said.
The notes of one, five and 10 "raam" were issued last October. Since then, more than 100 Dutch shops in 30 villages and cities have accepted the notes.

A spokesman for the Dutch Central Bank says, "The raam can be used as long as the notes are not used as legal tender and it stays within a closed-off circuit of users."
The raam notes are accepted in Dutch shops at a fixed rate of 10 euros per raam.