Nazi counterfeiting
"destroyed" confidence in the British currency in Europe by the end of
World War II, according to newly released MI5 files.
Notes began to enter neutral countries by D-Day and the Bank of England issued the first of two recalls.
The Nazis produced counterfeit sterling with a face value of £134m in total.
That was the equivalent of 10% of all sterling in circulation.
The newly released files include a report on currency, written by banker Sir Edward Reid of MI5's section B1B in August 1945. Full Read
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