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A global currency printing company threatened with bankruptcy

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A global currency printing company threatened with bankruptcy Empty A global currency printing company threatened with bankruptcy

Post by claud39 on Thu Nov 28, 2019 8:24 am

[size=36][rtl]A global currency printing company threatened with bankruptcy[/rtl][/size]



Wednesday, November 27, 2019


A global currency printing company threatened with bankruptcy Alsabaah-23700



London / Agencies
 
British banker de la Rue, a banknote and passport printing company, is in a financial crisis. In the statement, the company lost £ 9.2 million in the last six months of the year (from April to September), and that there is great concern and uncertainty about the possibility of continuing the company's activities.
Following the statement, the company's shares fell by 20.6 percent.
The company's debts in the first half of last year amounted to £ 107.5 million, reaching £ 170.7 million in the first half of this year.
Currently, De La Rue prints money for 140 central banks around the world, including the Bank of England, employs 2,500 people, prints a third of the world's banknotes and also prints passports for 40 countries.

The company lost the new passport tender, which will be issued after the UK leaves the European Union, to be won by rival Gemalto.
Venezuela has recently been unable to pay its debts to the company, estimated at £ 18 million, and the UK Anti-Corruption Office has launched an investigation into the company's activities in 
The company started its first activity by issuing banknotes to the Republic of Mauritius in 1860.



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