Raam is a Bearer Bond or local currency (note-its not a Currency of Holland) issued by Stichting Maharishi Global Financing Research (SMDFR), a charitable foundation based in Holland The Raam was launched on October 26 2001, The Global Country of World Peace, set up by the Indian mystic, issued the brightly coloured notes of one, five and 10 “Raam” .
(back side of 1 Raam)
Maharshi Mahesh known first as a guru of Beatles in the 1960s, the Maharishi Mahesh Yogi has 4 million followers worldwide who believe that a diet of meditation and organic foods is the path to personal enlightenment and world peace.
the Guru Maharshi Mahesh start this currency with the name of Lord Raam cause he believe in Ram-RAJYA and he is a great devote of Lord Ram
Since then, more than 125 Dutch shops and few shops in Usa also, some of them part of big department store chains, in 30 villages and cities have accepted the notes.
A spokesman for the Dutch Central Bank told BBC News Online the bank was keeping a close eye on the “Raam”, although he added that the Maharishi movement had done everything according to the law.
“The “Raam” can be used as long as the notes are not used as legal tender and it stays within a closed-off circuit of users,” he said.
The Raam is also circulating as the currency of Maharishi Vedic City in the US state of Iowa together with the US dollar, while Raam-based bonds are being offered in 35 American states.
Benjamin Feldman, ‘Minister of Finance’ of the Maharishi movement, told BBC News Online the Raam could be used to battle poverty and create world peace.
In the Netherlands, the Raam notes are accepted in Dutch shops at a fixed rate of 10 Euros per raam.
“There are now about 100,000 Raam notes in circulation. That is not a lot but we are keeping a close eye on it because it must never lead to confusion for the public,” the Dutch central bank spokesman said.
Shopkeepers can exchange their Raam notes at the Fortis Bank branch in Roermond.they are trying to open many center or money exchange shop for Raam.
i personly very happy to know that holland government has no problem by Raam, its a great work by Maharishi Global Financing Research.
Jay shree Raam
जय श्री राम
note- source from bbc and different websites from Maharishi Global Financing Research & others