Where do you make money -
Where the money is made
The places where coins are made around the world differ according to the printed currency of any country, and the places for printing the currency also differ according to the company with which the printing process has been agreed upon, whether it is governmental or private. [1] There are many large companies around the world that specialize in printing money for many From the central banks of different countries of the world, such as the printing press (Giesecke & Devrient), which is a German printing press of the largest printing presses around the world, and specializes in printing cash currencies for nearly 100 central banks around the world, and there is also the Canadian company for printing currency, and the American and Swedish companies, these The companies are among the largest and most productive printing presses.[1]
Where is the US dollar made?
The US dollar is manufactured under the supervision and orders of the Bureau of Engraving and Printing (BEP), which is the largest facility in the world specialized in printing international monetary currency, and has two facilities, one in Washington and the other in Texas, [2].
The Office of Engraving and Printing is responsible for printing securities and redesigning them in accordance with new designs that enhance preventive measures and prevent counterfeiting and money laundering operations.[1]
Where the euro was made
The European euro is made jointly by national central banks (NCBs), which represent the European regions, where each central bank is responsible for manufacturing a certain part of the annual printing output of the monetary currency in Europe.[3]
He bears the full printing costs pertaining to that part, and that part includes certain agreed-upon denominations of cash, and the quantity of the printed currency must correspond to the expected increased consumption of the currency, and must also correspond to the quantity of the damaged currency,[4] and a printing process takes place The currency is among 11 printing presses distributed in Europe, which are characterized by strict security.[3]
Where is the pound sterling made?
The pound sterling is printed by the De La Rue company (in English: De La Rue), which is a British company, and it is the largest company specialized in printing banknotes in all its financial categories around the world, [5] and the Bank of England is the controller and primary responsible for Printing the pound sterling, [6] It is the one who prints its own cash denominations, which are done through the De La Rue company, and it also controls the printing of cash denominations belonging to other regions of Europe through private banks.[7]
Examples of other currencies around the world include the Nigerian currency, which the Nigeria Security Printing and Minting Corporation (NSPM) prints in addition to printing the currency in the regions of Africa, [8] As for the Nasik and Dewas press, they are Two government printing presses are responsible for printing the Indian currency.[9]
Dealing with money printing places around the world differs, as there are a number of major factories and printing presses around the world specialized in printing securities, which deal with various central banks around the world affiliated with many countries in complete secrecy, and refuse to disclose the identity of the securities that you print to any other party. For security policies and purposes.[10]
How do you make paper money?
Paper money goes through many stages of delicate manufacturing, so that all these stages and steps work to reduce fraud, counterfeiting and money laundering, and these steps fall into the following:[10]
Selection of paper: so that special paper is used in the manufacture of paper money made of 75% cotton and 25% linen, and special tissues are combined with this paper in red and blue colors, which helped to detect the real and forged money problem using the naked eye only.
Use of special ink: Green ink is used to print the back side of the coin, while the front side is printed using more than one type of ink such as: black ink, color-changing ink, and metallic ink. The type of ink used varies according to the value of the cash denomination of the security.
Indirect tablet printing: (in English: Offset Printing), in which the background of the image of both sides of the banknotes is printed, and this process is done using large printing machines that can print 10,000 banknotes per hour, and when the first side is printed, the banknote is left For 3 days until it is completely dry, then the reverse side of the coin will be printed.
Different printing: (in English: Intaglio Printing), which is the second printing process, in which letters and numbers for each monetary denomination are printed, in addition to printing pictures, decorations and inscriptions on both sides of the coin. The other face.
Inspection: Where the inspection begins with special computers, which work to ensure that the paper and ink used and the printing processes that have been carried out so far comply with the required quality standards, and make sure that they are free from defects.
Overprinting: It is the last printing stage in which the stamps and serial numbers of each monetary denomination are printed, which are issued by the private security authorities, [11] for the purposes of ensuring the quality of manufactured securities and tracking the currency when security is needed.
Securities collection: which are in the form of sheets, so that they are collected and placed in large cutting machines similar to guillotine, which cut them horizontally and vertically to produce independent securities, which are suitable for individual use after they were in the form of financial sheets, and here the recognizable securities are It is the official currency of the country and is legally recognized.
Securities distribution: so that they are collected using a specific mechanism, packaged and transferred to the Central Bank, which in turn works to transfer them to other banks.
The coin industry goes through the following steps: [12]
Pouring metal into moulds: The coin is made from a mixture of metals in different proportions that depend on the denomination of the coin. Therefore, the appropriate proportions of metals are first mixed and melted in special furnaces, then they are poured into coin molds to make very long metal strips from which the desired coins are manufactured. .
Metal polishing: These metal slices are inserted into specific machines that polish the slice to give the required thickness of the coin, then the coin is cut using cutting machines that have the capacity to produce 10,000 coins per minute.[13] The cutting process is re-melted and used.
Annealing: In the previous operations, the coins were subjected to severe pressure, which led to an increase in their hardness. Therefore, in the next step, the coins are heated in special ovens at a temperature of 950 degrees Celsius, in order to give them the desired softness to be able to print the desired images on them.
Washing and drying the metal: Washing and drying the coins thoroughly to remove any impurities or suspended particles on the coin before starting the printing process.
Cut the money to the appropriate shape: Coins are pressed in a machine with a handle to form the raised edges that characterize the coin.
Printing images on cash: The desired image is printed on the currency, and inspections begin to verify the quality of the currency made by specialized inspectors.
Distribution: The operations of counting and collecting coins in bags begin, and then shipping them to the desired banks.
Summary
There are many places to make money according to the country to which the paper currency belongs, such as the dollar or the pound, etc., and according to the printing press that was contracted to print the currency, whether it is private or government presses, as there are international presses that print money for more than 150 central banks around the world. The manufacture of money, whether paper or metal, includes many steps, so that all these steps aim to increase the quality of the printed currency and prevent cases of money laundering and counterfeiting.
