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National Bank of Ukraine and Crane Currency Sign Agreement on Cooperation in the Field of Currency Production

23 June 2018

Press Release

 

On 22 June 2018 NBU Governor Yakiv Smolii and Crane Currency President Annemarie Watson signed the Agreement of Cooperation in the field of currency production.

 

The Agreement signed is a reflection of the shared vision for future cooperation between the NBU and Crane Currency.

 

This important step in the long-term business relations allows the Banknote Printing and Minting Works of the National Bank of Ukraine to strengthen its global standing as a producer of security paper and banknote printer.

 

“The National Bank of Ukraine is proud that such a big global producer of security paper, banknotes and banknote security technologies as Crane Currency is interested in cooperation with us. Our Banknote Printing and Minting Works has everything necessary for the complete cycle of cash production: from design to security paper production and banknote printing. In cooperation with Crane Currency we are ready to offer all our expertise and production facilities for production of currency to the order of other countries”, - mentioned Yakiv Smolii, Governor of the National Bank of Ukraine.

 

This document will regulate business relations between the NBU and Crane Currency, in particular placement of production for foreign currencies at the Ukrainian Banknote Printing and Minting Works.

 

Production of domestic currency and paper for hryvnia and domestic securities remains the top priority for the Banknote Printing and Minting Works.

 

“Last year during my visit I was impressed by the modern infrastructure, state of the art equipment and qualified personnel of the Banknote Printing and Minting Works, - mentioned Annemarie Watson. – “I hope that the Agreement will lay the foundation for extension of our joint long-term projects.”

 

For reference:

Crane Currency is a global company and a trusted partner of more than 50 central banks (in the USA, the UK, Sweden, Mexico, Nigeria, Malaysia, India and other countries), where it supplies banknotes, banknote paper and security features. In particular, Crane Currency supplies banknote paper for the US currency for almost 140 years.

Crane Currency has a 200-year combined expertise in design, paper production, and printing and a culture of knowledge sharing and long-term partnerships with the central banks of many countries.

The company is a leader in advanced micro-optics technology and offers products with a series of visual effects that increase the level of banknote security and public trust in cash.

The NBU Banknote Printing and Minting Works at present fully meet the domestic demand for domestic currency i.e. banknotes and small and circulation coins, as well as printing forms for securities, state awards, and a wide range of souvenir coins.

The NBU Banknote Printing and Minting Works have capacities not only to meet the Ukrainian demand for banknotes but also to manufacture products for other countries.

The annual production output accounts for nearly 1.8 billion banknotes, 1.2 billion circulation coins, one million commemorative coins minted of precious and non-precious metals, and 3,500 tons of banknote and security paper, as well as 200,000 state awards (orders, medals, badges to the honorary titles of Ukraine, and badges to winners of national awards of Ukraine).

 

 

 


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Last modification   23.06.2018