Various ministries, the Chamber of Deputies, the Cité judiciaire, and the Central Bank participated in the event, among many others.
The members of the Council of State usually write their opinions on legislative projects behind closed doors. Among them is also a very special individual.
Patrick Santer, Vice-President of the Council of State, explains that Hereditary Grand Duke Guillaume has been a member of the Council of State for some time. The Crown Prince is also a member of two commissions, the Economic Commission and the Social Commission.
The Central Bank on Boulevard Royal, meanwhile, is a fairly new institution.
The Director General of the Luxembourg Central Bank (BCL), Gaston Reinesch, points out that Luxembourg did not have a central bank before the introduction of the euro. One condition for being admitted to the Eurozone was that a country had to have a central bank. That is why the BCL has been active since 1998. As a result, unlike France, Belgium, or the Netherlands, Luxembourg does not have a long history of having a central bank.
One of the Central Bank’s responsibilities is to allocate funds to the country’s banks. However, the banknotes are not printed in Luxembourg.
“It’s all done abroad,” Patrice Bernabei, head of the Cash and Coinage Department, explains, adding that “the banknotes are printed in three different printing works in Europe. Two in Germany and one in France.”
As for coins, they are pressed in the Netherlands. On delivery days, there is always a bit more going on in Luxembourg.
While the delivery dates are never announced in advance for security reasons, Reinesch says that “if Boulevard Royal is suddenly cordoned off and masked police officers with machine guns appear, it means that a cash transport is arriving in Luxembourg.”
Money and stories about money interest people, as does the history of counterfeiting. Therefore, visitors were also shown how to identify them.
Patrice Bernabei: “We explain to people the security features of the banknotes and the procedure for identifying a note: Feel, look, tilt.”
A simple method that strengthens trust in cash. The demand for cash is on the rise again, which it typically does during crises, the central bank said.
Full report by RTL Télé (in Luxembourgish):
