Central Banking

Berlin calls off note-printer auction

The German government has abandoned plans to sell its federal printing works.

Berlin had planned to sell Bundesdruckerei, the printing works which helps produce the country's banknotes as well as passports for German citizens, but cancelled its auction because the bids received were either too low or conflicted with national security requirements, Capital, a German magazine, reported.

The magazine reported that the authorities rejected bids by Giesecke & Devrient, a banknote printer, and TV Nord

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