ECB welcomes draft Portuguese law on banknote production

bancodeportugal

The European Central Bank (ECB) has welcomed legislative proposals that could pave the way for the Bank of Portugal to co-operate with other national central banks (NCBs) in the eurozone in the production of banknotes.

The task of printing euro banknotes is shared between the 19 central banks in the eurozone, with each one responsible for a share of the total annual production. They draw on "around 16 high-security printing works" in Europe.

This includes a Portuguese printing works, Valora

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