Spain may create its own banknote printing facility to comply with ECB rules
03 07, 2014 07:29 Category: Europe
According to an article in El País dated 2 July 2014, the Banco de España may create a new banknote factory to comply with European Central Bank rules that central banks own their own note-printing facilities or put out to bid the production of euro banknotes to other authorized suppliers. Since 1940, the Fabrica Nacional de Moneda y Timbre (FNMT) has produced notes for Spain as an independent company. FNMT also has contracts to produce notes for other African and Latin American countries.
Courtesy of Cedrian.
Courtesy of Cedrian.
