The currencies of countries are printed in governmental banknote presses or presses that are supervised by the government itself. The printing process is usually carried out in complete secrecy without completely announcing the methods of printing, due to strict security necessities. There is a misconception that currency printing takes place in national central banks. In fact, central banks manage currency printing and determine the number of new banknotes to be printed each year; As it controls the entire national money supply, the following is an overview of the places where the world’s most prominent currencies are printed:
U.S. dollar
All US dollar banknotes are printed by the Bureau of Engraving and Printing (BEP) of the US Department of the Treasury; This is in two government printing presses, one in Washington, DC, and the other in Fort Worth, Texas. The US Mint is responsible for producing all US dollar coins.
euro
Euro banknotes have been produced since the first issuance of the euro currency in the financial markets in 2002 AD in a joint coordination by the National Central Banks (NCBs) in the countries of the eurozone, and a number of approved European currency presses, such as: (Enschedé) in the Netherlands, and (F. C. Oberthur). In France, (De La Rue) in Britain, and (Giesecke & Devrient) in Germany, the responsibility for minting the euro falls on the national governments of the eurozone countries, after the approval of the European Central Bank’s Governing Council on the total value of the currencies that will be put into circulation annually.
Sterling pound
British currency notes are printed by the British Money Printing Company (De La Rue); Which includes several UK production facilities for printing currency, passports, tax stamps, checks and other secure documents.
Chinese renminbi
Chinese banknotes are printed at the BPMC Press; It is the largest currency printing press in the world, as it includes in its facilities nearly 18,000 employees working in ten production sites, noting that this printing press is also responsible for printing banknotes of several countries around the world, including: Bangladesh, Brazil, India, Malaysia, Nepal, Poland, and Sri Lanka. , and Thailand.
Places of printing the currencies of Arab countries
The following are the Arab currencies and their places of printing: Jordanian Dinar: The Central Bank of Jordan is responsible for issuing and printing Jordanian banknotes since its establishment in 1964.
The Egyptian pound: The Central Bank of Egypt is specialized in printing Egyptian money, and it will start printing polymer (plastic) banknotes upon the opening of the new printing house, and it will start with the ten-pound denomination.
UAE dirham: UAE banknotes are printed at the banknote printing factory in the Khalifa Industrial Zone in Abu Dhabi. This factory supplies all Arab countries and their central banks with the currencies of each country.
Yemeni riyal: It is printed in the Russian factory in Moscow, especially with the unstable political events in Yemen.
Kuwaiti Dinar: The Kuwaiti Central Bank is responsible for printing the Kuwaiti Dinar.
Moroccan Dirham: The dirham is the official currency of the Kingdom of Morocco and is printed by the Central Bank of Morocco.
Libyan Dinar: Libyan banknotes are printed in the United Kingdom in denominations of 1, 5, 10, 20 and 50 dinars and delivered to the Central Bank of Libya in Tripoli.
Omani Rial: (OMR) is the symbol for the Omani Rial, and it is printed in the Central Bank of Oman.
Sudanese Pound: (SDG) is the symbol for the Sudanese pound, and the Central Bank of Sudan is responsible for issuing and printing the pound.
Syrian Pound: The Central Bank of Syria is responsible for issuing and printing the Syrian Pound.
The Lebanese Pound: (LBP) is the currency code for the Lebanese pound, and banknotes, or paper currency, are printed by the Banque du Liban.
Iraqi Dinar: (IQD) is the currency code for the Iraqi dinar, and it is printed and distributed by the Central Bank of Iraq, although some regions still use the old currency.
Bahraini Dinar: (BHD) is the currency symbol for the Bahraini Dinar, and it is issued and printed by the Central Bank of Bahrain.
The Saudi Riyal: The Saudi Arabian Monetary Agency (SAMA) monitors and prints the Saudi Riyal, and is considered the second oldest central bank in the entire Arab world.
Somali Shilling: Printed in the Central Bank of Somalia.
The Djiboutian franc: (DJF), which is the official currency code in Djibouti, and it is printed by the National Bank of Djibouti
Currency printing date
Among the most prominent stations in the history of paper currency printing over the years are the following: Paper money was used for the first time in the world in China, more than a thousand years ago during the Tang Dynasty, by merchants who sought to avoid dealing with copper coins and replaced them with paper currencies.
European banknotes were first issued in Sweden by the Stockholm Bank of Sweden’s National Central Bank, and within a few months other European governments issued paper money.
The paper US dollar was issued for the first time in the financial markets in 1862 AD in the denomination of one dollar; In order to compensate for the shortage of currencies.
The printing of banknotes using polymer papers developed for the first time in Australia in 1988.
