Trump2020 User ID: 78216189 Finland 12/08/2019 10:18 AM Report Abusive Post Report Copyright Violation | BREAKING: World’s largest printer of money is running out of cash The company that prints the UK’s banknotes and currency for 140 other countries has issued a warning of possible collapse, saying there is “significant doubt” about its future. The 198-year-old De La Rue has printed banknotes for the Bank of England since 1860. It is the largest commercial printer in the world, producing about a third of the world’s banknotes through contracts with 140 central banks. The firm has designed 36 percent of all banknote denominations in circulation, according to investment research company Edison Group. De La Rue has been struggling over the last two years since losing the £400 million ($525 million) UK passport contract to a French rival. It has also been hit by an accelerating move away from cash towards contactless card payments and online transfers. Just last week, the company lost 20 percent of its value. [ link to www.rt.com (secure)] |
Anonymous Coward User ID: 75190107 United States 12/08/2019 10:20 AM Report Abusive Post Report Copyright Violation | Re: BREAKING: World’s largest printer of money is running out of cash Well, if they're running out of cash, they should just print some more. Are they idiots? |
Anonymous Coward (OP) User ID: 78216189 Finland 12/08/2019 10:23 AM Report Abusive Post Report Copyright Violation | Re: BREAKING: World’s largest printer of money is running out of cash Well, if they're running out of cash, they should just print some more. Are they idiots?
Quoting: Anonymous Coward 75190107 What you failed to understand is that the company is about to go under... |
Anonymous Coward (OP) User ID: 78216189 Finland 12/08/2019 10:25 AM Report Abusive Post Report Copyright Violation | Re: BREAKING: World’s largest printer of money is running out of cash
Their job is to only print money for those entities that create a demand. With less demand, the printing company finances are weaker. And it would be illegal for them to print money to put in their own pockets. |
Anonymous Coward User ID: 45519371 United States 12/08/2019 10:25 AM Report Abusive Post Report Copyright Violation | Re: BREAKING: World’s largest printer of money is running out of cash Weird |
Anonymous Coward User ID: 45519371 United States 12/08/2019 10:26 AM Report Abusive Post Report Copyright Violation | Re: BREAKING: World’s largest printer of money is running out of cash Well, if they're running out of cash, they should just print some more. Are they idiots?
Quoting: Anonymous Coward 75190107 What you failed to understand is that the company is about to go under... Quoting: Anonymous Coward 78216189 On purpose |
Penny Peppers
User ID: 72797083 United States 12/08/2019 10:36 AM Report Abusive Post Report Copyright Violation | Re: BREAKING: World’s largest printer of money is running out of cash Well, if they're running out of cash, they should just print some more. Are they idiots?
Quoting: Anonymous Coward 75190107 There's never a dull moment here on planet earth, unless GLP ceased to exist...
Oh, and Biden can't dress himself.... |