The LazyTown company has requested that button badges marked with it be withdrawn from sale in Iceland, and this was done after a one-and-a-half-year-old girl swallowed a pin from such a badge. Last week, the young girl was playing with a badge from LazyTown and managed to take it apart. As a result, she swallowed the very pin from a badge, but fortunately the pin slid into her in such a way that ...
The Central Bank of Iceland stopped issuing Lato banknotes yesterday, June 7, 2001. Latibær, led by Magnús Scheving, is today going to present a version of its own economy, Lató-economy.
“Lató is intended to be the healthiest currency in the globe and to promote a healthy lifestyle for Icelandic children” say Latibær’s spokesmen. By taking the savings bank to Búnaðarbanki, children receive Lató banknotes – equivalent to the amount deposited. The children can then use Lató to buy healthy products, for example Skyr (Yoghurt), pay an entrance fee for swimming or even take a basketball course – at the same time as their money is collected at Búnaðarbanki.
The Central Bank’s law department believed that Latibær’s money was too similar to Icelandic banknotes. It were a violation of the property rights provisions of the Constitution and that the issuance of the money bordered on counterfeiting. Due to this, the people of Latibær have been forced to change the appearance of the notes that were to be issued, so now they have pictures of Siggi sæti, Nenni níski, Solla stirða and Gogga mega. “There will be a meeting as soon as the Central Bank opens today, Friday, where we will show them new banknotes. “I do not expect anything else than that we and the good Central Bankers can agree on this” said Magnús Scheving.
After the Central Bank stopped issuing the banknotes yesterday, Latibær’s management sat down with designers to avoid issuing banknotes, or credit cards at all – which are much the same as the Central Bank’s banknotes so that the issuance violates criminal law. “There will be no fundamental change, but the banknotes themselves will somehow be a little different in appearance. This can not be a direct banknote, but rather a coupon. The idea itself is unchanged” said Magnús Scheving. Numerous sponsors come to Latibær’s economy, which is now waiting between hope and fear, and they donate all their products and services.
Latibær’s employees have asked Jón Kristjánsson, Minister of Health and Social Security, to launch the new economy at Hótel Loftleiðir at 12:00 today.