Spain may create its own banknote printing facility to comply with ECB rules

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.

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