BdF buys stake in Austrian and Portuguese note-printing facilities
Bank says move aims to consolidate existing co-operation between three monetary authorities
The Banque de France (BdF) has acquired a minority stake in the note-printing subsidiaries of the National Bank of Austria and the Bank of Portugal.
The Portuguese central bank, which announced the move on March 2, said it reflected the fact that cash remained a “core element of monetary sovereignty”. The three central banks, it added, were looking to retain “adequate control” over the industrial and logistical chains related to physical bank note production.
A spokesperson for the BdF tells Centr
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