Comment: Why would a currency trade by the government be done with

(See in situ)

Why would a currency trade by the government be done with

physical paper? Wouldn't it be much easier to simply trade electronically?

Even if this were for some type of "reserve" purpose, which is entirely possible, I would think it wouldn't be necessary to hold the physical paper, and more than likely the FED would simply hold an account with a foreign bank as their reserve.

The only purpose for physical currency is to circulate it. The only need for Euros within the CONUS would be as a substitute (even if short term) for the FRN. Of course this would mean there are NO "Ameros" already printed out and sitting in a warehouse somewhere as some claim, nor are there plans for any at all close to completion.

Did the paperwork list the Denver Mint as the destination? Or was it just "Denver" and you surmised that it was the Mint?

Perhaps the Mint, since it has vaults, stores foreign currencies for travelers to exchange when heading overseas, since Denver is a major international airport. (though I admit, this would be more likely on the east coast hubs than in the Rockies with respect to Euros.)

Anyone care to do some math? I think the largest denomination Euro is €500 and the smallest is €5. (they use coins for the €1 and €2 denominations)

Anyone care to calculate what the range of currency value could fit into a semi? I know you said "58,000 pounds of Euros" but that doesn't tell us anything about value. To hazard a guess based on $100 bills and how much space they take, if these were all €500 bills then I'd guess the trailer holds about €1.25 Billion (that's American billion with 10 digits)