It is a charitable foundation which was located in Holland; this RAAM was launched on October 26, 2001. These Global Country of World Peace was established by the Indian mystic for the brightly colored notes of one, five and 10 "RAAM".
(back side of 1 Raam)
This guru, Maharishi Mahesh, starts this currency with the name of Lord RAAM because he is RAAM-Rajya Believe in and they are very big devotees of Lord RAAM. This Maharishi Mahesh is known as the Guru of the Beatles in the 1960s. This Maharishi Mahesh Yogi has 4 million followers around the world who believe that a diet of meditation and organic foods is the path of personal knowledge and world peace.
front side of 1 Raam
A Dutch Central Bank spokesman told BBC News Online that the bank was closely watching "RAAM", although he said that the Maharishi movement did everything according to the law. Since then, more than 125 Dutch shops and some shops in U.S.A, some of them have accepted notes of large department store chains in 30 villages and cities.
Front side of 1 Raam
This RAAM is also roaming in the Iowa state with the US dollar as the currency of Maharishi Vedic City. Whereas these RAAM-based bonds have being offered in 35 US states. He said. This "RAAM" can be used as long as the notes are not used as legal tender and it remains within the closed circuit of users.
In the Netherlands this RAAM note is accepted at a fixed rate of 10 Euros per RAAM in Dutch shops. This Benjamin Feldman's 'Finance Minister' of the Maharishi Movement has told the BBC News Online the RAAM that it can be used to fight poverty and to create world peace.
The Dutch central bank spokesman said. It is not very much, but we are keeping a close eye on this, because this should never confuse the public. Now there are about 100,000 RAAM notes in circulation.
I was very pleased to know that there is no problem with the Dutch government for the Netherlands. This is a great work by this Maharishi Global Financing Research. After this, shopkeepers can exchange their RAAM notes in the branch of Fortis Bank in Roermond. They are trying to open many centers or currency exchange stores for RAAM.