Some issues but the Germans cannot be trusted, being so close to Russia: ‘In the highly developed world of banknote printing, secrecy is paramount, because none of the central banks want their super anti-forgery device talked about,’ says banking expert Michael Jones, who was a senior executive at the Bank of England.
At one point De La Rue toyed with the idea of taking over its long-term rival G&D, but its approach was rebuffed by the Germans, who bristled at the idea of being consumed by a British company.
One industry insider said, ‘There was a lax management culture, and below senior-management level, people were doing things that were detrimental to the business. They were cutting corners.’
Ex-Mi6 employees involved? Must have good security then! That's why the UK now uses them to print our passports I guess.
{OLD ARTICLE} dailymail.co.uk/home/moslive/article-1320222/What-went-wrong-British-company-licence-print-money.html
economist.com/blogs/economist-explains/2013/11/economist-explains-8
londonlovesbusiness.com/lifestyle/london-culture/5-reasons-polymer-banknotes-could-be-a-disaster/7051.article
polymernotes.org/resources/duranote.htm
Plastic notes require mass production: polymernotes.org/resources/tdlrcomparison.htm
Another problem: Cotton is cheap so other countries may delay polymer notes?nasdaq.com/markets/cotton.aspx?timeframe=10y
Latest from the Community...
Latest from the Community...
Latest from the Community...