Where is the money made?

yousef18 July 2022Last Update : 2 years ago
Where is the money made?

The places of making coins around the world vary according to the printed currency of any country, and the places of currency printing also differ according to the company with which the printing process was agreed upon, whether it was governmental or private.[1] There are many major companies around the world that specialize in printing money for many One of the central banks of the various countries of the world, such as the Giesecke & Devrient Press, which is one of the largest German printing presses around the world. It specializes in printing cash for nearly 100 central banks around the world. There is also the Canadian Currency Printing Company, the American Company, and the Swedish. The companies are among the largest and most producing printing presses.

Where is the US dollar made?

The US dollar is made under the supervision and orders of the Bureau of Engraving and Printing (BEP), which is the world’s largest facility specialized in printing international currency, and has two facilities, one in Washington and the other in Texas,[2]. The Engraving and Printing Office is responsible for printing securities and re-designing them in accordance with the new designs that enhance preventive measures and prevent fraud and money laundering.

Where is the Euro made?

The European euro is made jointly by the national central banks (NCBs) representing European regions, with each central bank responsible for making a certain part of Europe’s annual currency printing output.

He bears the full printing costs that belong to that part, and that part includes certain agreed denominations, and the amount of printed currency must correspond to the expected increased consumption in the currency, and it must correspond to the amount of the damaged currency, and the process of printing the currency is within 11 A printing press distributed in Europe, which is characterized by high security.

Where is the pound sterling made?

The pound sterling is printed by De La Rue, a British company, and is the largest company specialized in printing banknotes of all financial denominations around the world, and the Bank of England is the controller and primarily responsible for printing the pound sterling He is the one who prints his own cash denominations, which is done by De La Rue, and he also controls the printing of cash denominations belonging to other regions of Europe through private banks.

An example of other currencies around the world is the Nigerian currency, which is printed by the Nigeria Security Printing and Minting (NSPM), in addition to the currency in Africa regions. As for Nasik and Dewas, they are Two government presses are responsible for printing the Indian currency. Disclosing the identity of the securities you are printing to any other party, for security policies and purposes.

How are paper money made?

Paper money goes through many accurate manufacturing stages, so that all these stages and steps reduce fraud, forgery and money laundering, and these steps are included in the following

Paper selection: Special paper is used in the manufacture of paper money made of 75% cotton and 25% linen, and special tissues are combined with this paper in red and blue colors, which helped to reveal the real and forged currency bug using the naked eye only.

Use of special ink: green ink is used to print the back side of the banknote, while the front side is printed using more than one type of ink, such as: black ink, color-changing ink, and metallic ink.

Indirect plate printing: in which the image background of both sides of the banknote is printed, and this process is done using large printing machines that can print 10,000 banknotes per hour, and upon completion of printing the first side, the banknote is left for 3 days to dry completely Then the reverse side of the coin is printed.

Contrasting printing: It is the second printing process, in which the letters and numbers of each currency denomination are printed, in addition to printing pictures, decorations and inscriptions on both sides of the coin.

Inspection: where the inspection begins with special computers that work to ensure that the paper, the used ink and the printing processes that have taken place so far meet the required quality standards, and that they are free of defects.

Overprinting: It is the last printing stage in which the seals and serial numbers of each cash denomination are printed, which are issued by private security authorities, for the purpose of ensuring the quality of manufactured securities and tracking the currency when security is needed.

Assembling securities: which are in the form of sheets, so that they are collected and placed in large guillotine-like cutting machines, which cut them horizontally and vertically to produce independent securities, which are suitable for individual use after they were in the form of sheets, and here the collected securities are recognized It is the official and legally recognized currency of the country.

Distribution of securities: so that they are collected by a certain mechanism, wrapped and transferred to the Central Bank, which in turn works to transfer them to other banks.

How are coins made?

The manufacture of coins goes through the following steps: Pouring the metal into the molds: The coin is made of a mixture of metals in different proportions depending on the denomination of the coin.

Therefore, the appropriate proportions of metals are first mixed and melted in special furnaces, then they are poured into coin molds to make long metal strips. It is from them that the desired coins are made.

Metal polishing: These metal slices are inserted into certain machines that polish the slice to give the required thickness of the coin, then the coin is cut using cutting machines that have the capacity to produce 10,000 coins per minute. The remainder of the metal sheet metal left after the cutting process is completed is re-melted and used.

Annealing: In the previous processes, the coin was subjected to severe pressure, which led to an increase in its hardness, and therefore in the next step the coins are heated in special ovens at a temperature of 950 degrees Celsius in order to obtain the desired softness to be able to print the desired images on them.

Metal Washing and Drying: Wash and dry the coins thoroughly to remove any impurities or particles stuck on the coin before beginning the printing process. Cut the coins to the proper shape: Coins are pressed in a machine with a handle to form the prominent edges of the coin.

Printing Images on Cash: The desired image is printed on the coin, and inspections and checks on the quality of the coin made by specialized inspectors begin. Distribution: Coins are counted and collected in bags, and then shipped to the desired banks.

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