Most countries of the world now print their own currency. But even today there are many small countries, which take the help of other countries and companies to print currency. But you will be surprised to know that a Chinese company has come to the forefront in the matter of currency note printing in the whole world. Today we will tell you which countries’ currency this company is printing.
China company
According to the information, this company is a Chinese government company. But in the matter of currency note printing, its setup has become so big that it not only prints notes of all the countries of the world on a large scale but also mints coins. At the same time, this company itself prepares the ink used in notes, paper and thread. Its printing setup is spread across many cities in China.
Let us tell you that the name of this company is China Banknote Printing and Minting Corporation i.e. CBPM. This company has 10 big factories for printing notes and providing related goods. More than 18000 employees work in it. China claims that this is the world’s most secure note printing setup, from where not even a single note can go out without permission.
Bigger setup than Britain and America
It is believed that this setup of China is a much bigger setup than that of Britain and America. Because less than 2,000 employees work in the US Bureau of Engraving and Printing. Whereas Britain’s De La Rue also has more than 3,000 employees. Whereas India’s currency note printing setup has also become big now, India also does not have that many employees. Germany’s Giesecke and Deviant also do not have as many employees as China is claiming in its company.
Launch of Chinese company
This Chinese printing company started mainly with the printing of Chinese currency in 1984. But gradually this company has built a huge business. It is said that when digital transactions started in China, fewer paper yuan notes started being printed. After this, China started taking orders for printing notes from outside countries. Today many countries of the world have started coming to it for printing currency notes, which also includes all the neighboring countries of India.
According to a report by South China Morning Post, almost all the Asian countries which do not print their own currency, have now started printing it in China. The expenses they incur on this are less as compared to other places.
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