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Iowa Town Creates Its Own Currency
[FINAL Edition]
The Washington Post - Washington, D.C.
Author: David Pitt
Date: May 5, 2002
Start Page: A.13
Section: A SECTION
Text Word Count: 570

The currency originally was intended to be used in Vedic City only, but thousands of meditators also live in Fairfield, a town of 8,700 people two miles away, and they began to circulate the Raam. Vedic City Mayor Bob Wynne asked businesses throughout Jefferson County to consider using the new currency.

The First National Bank in Fairfield initially agreed to exchange Raam for dollars but pulled out after a few weeks. Bank President Steve Cracker said First National was afraid it would get stuck holding worthless Raam.

One Raam is worth $10. The one-Raam note is green, the five-Raam note blue and the 10-Raam bill, worth $100, orange-yellow. The notes are printed in the Netherlands by the company that makes the euro.

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