Philippines buys two “superline” note printers
Sep 30, 2007 11:54 AM Category: East and Southeast Asia
According to Inquirer.net, the Bangko Sentral ng Pilipinas (BSP), has spent P4 billion (US$89 million) on two “superline” printing machines so it will not have to outsource the printing of banknotes. Two years ago, a European printer supplied 80 million 100-peso notes on which President Gloria Macapagal-Arroyo’s was misspelled as “Arrovo.” By printing locally, it’s hoped that such embarrassing errors will be a thing of the past. Also, the new printing machines will double the capacity of the Security Plant Complex in Quezon City to two billion notes annually. The new machines perform the entire cycle of banknote production, from layout to printing and bundling.