Central Banking

Preliminary report on security of banknote storage

Sir John Gieve, Deputy Governor of the Bank of England, on Friday 10 March delivered to Mervyn King, the Governor, his confidential preliminary report on the security of banknote storage.

The report draws on discussions with members of the Note Circulation Scheme and the Kent Police, and on a rapid review conducted by police experts. Sir John reports that since the Tonbridge robbery the cash handling industry has taken a number of measures to strengthen security. The Bank is working with the i

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