It is something that our central banks – representing our four countries – have achieved together: the first EU twinning project for Belarus and the first EU twinning project for the National Bank of the Republic of Belarus. It’s something that all the stakeholders can be proud of.
But, to cut a long story short, there was not enough hard money on hand at Banque Royale to redeem the notes. Chaos ensued. Law’s reputation was ruined; business became depressed; prices fell and a general depression ensued. And what became of our financial genius, the Comptroller General of France?