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Banks were severely constrained with regard to their liquidity reserves, their equity capital, their banknote redemption, and their issuing policies.
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People have quite a lot of pride in their banknotes," she says.
They apparently do not want to see him on their banknotes, either.
The markets approve and the people are delighted to see a black man's signature on their banknotes, which are now known as "Titos".
Britain's own array of satellite havens – the Cayman Islands, British Virgin Islands, Bermuda, Jersey, all of which sport the Queen on their banknotes – are part of the same problem.
There is only one show at this year's festival, however, that invites members of the audience to come on stage and shred their banknotes.
Louise Whitfield, who is representing the campaigner, said: "I am astonished that the Bank of England has been unable to think of any great women to appear on their banknotes, given that there are so many.
In France, Philippe de Villiers, a conservative politician, said people should mourn the passing of national heros like Marie Curie and Pascal from their banknotes in favor of "anonymous computer-generated images of bridges and arches leading to nowhere".
Colombians' passion for adorning, defacing and scribbling on their banknotes is wreaking havoc on the nation's money supply, prompting protests from the central bank which is weary of replacing millions of notes each year.
This allowed them to pass in a pretty blur beneath the portrait of Mao Zedong, who, having overseen the deaths of up to seventy million of his countrymen (and having earned a spot on their banknotes for his pains), was more than happy to survey a handful of fat-free Spaniards in red-and-yellow spandex.
The first Bank of the United States (1791 1811) and the second Bank of the United States (1816 36) had functioned as agents of the U.S. Treasury and competed with the state, or private, banks, thereby ensuring that the private banks redeemed their banknotes at full value.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com