rose (escaped not sanitized)Jan 12, 2023

I’m going to tell you the story of the man who solved a crime.

Not, like, a cop who put together the clues and got his man, but a person who took a crime as old as civilization and fixed the problem where it got you in trouble.

The man: Artur Virgílio Alves Reis.

The place: 1920s Portugal.

The crime: Counterfeiting.

The problem he fixed: That the money is counterfeit.

(This is going to be a long 🧵 . Just trust me.)

Show threadNemo_bis 🌈

@Rose_On_Mars Nice story. The same happened in #Italy with the 1894 bankruptcy of one of the 6 central #banks, which were then abolished.
https://en.wikipedia.org/wiki/Banca_Romana_scandal

#UlisseBarbieri wrote a catchy song about it:
https://www.ildeposito.org/canti/il-crak-delle-banche

Banca Romana scandal - Wikipedia

Jan 14, 2023 at 9:18amWeb
Show threadrose (escaped not sanitized)Jan 14, 2023

@nemobis

Thank you for telling me about this!

It's very interesting to me that there were multiple banks allowed to issue currency. I'm not sure whether or not that was unusual in Europe.

Going to have to research this and see if there's another story in it!

Show threadBrian HawthorneJan 25, 2023
@Rose_On_Mars @nemobis There are still multiple banks in the UK issuing banknotes. BofE in England and Wales, and 3 banks each in Scotland and Northern Ireland. https://www.bankofengland.co.uk/banknotes/scottish-and-northern-ireland-banknotes
Scottish and Northern Ireland banknotes

Only the Bank of England issues banknotes in England and Wales, but six banks in Scotland and Northern Ireland can also issue banknotes. Coins are manufactured and issued by the Royal Mint.

Show threadrose (escaped not sanitized)Jan 25, 2023

@bhawthorne @nemobis

This bears further reading!