The views expressed are my own and not necessarily those of others at the Board, on the Federal Open Market Committee, or in the Federal Reserve System. 2  See Jean Monnet (1976), Memoires (Paris: Fayard). 3  See Luigi Guiso, Paola Sapienza, and Luigi Zingales (2015), “Monnet’s Error?” NBER Working Paper Series 21121 (Cambridge, Mass. : National Bureau of Economic Research, April).
In this context, it becomes imperative that efforts are made to enhance the durability of the banknotes so that not only the wastages are reduced, but also resources are utilized in a sustainable manner, thereby ensuring that the environmental footprint of our currency management operations is minimized. 10.