World's largest printer of money is running out of money.
“There can be no denying that De La Rue’s finances look precarious," said Russ Mould, investment director at A.J. Bell.
"With a contract value of approximately £260 million, this will deliver significant savings compared to the £400 million contract awarded in 2009 and provide value for money to the taxpayer,” thesaid in a statement. The contract is also expected to create new jobs at Gemalto’s UK office. If De La Rue’s worst-case scenario were to play out next year, it would mark the end of a more-than-200-year run for the company and force the 140 countries it does business with to look to other commercial printers to produce their nation's currency.
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