Established over 200 years ago and originally distinguishing themselves as a printing and stationery company, De La Rue has since diversified well beyond that by becoming one of the largest providers to government and commercial organizations through products that are at the core of personal identity, the integrity of trade, and movement of goods.
The company was founded in the United Kingdom in 1821 by Thomas De La Rue and still has its headquarters in Basingstoke, but also has branches across the globe, including offices throughout Europe, North America, Middle & East Africa, and the Asian Pacific.
The De La Rue company designed the Delarue machine to print the secure documents that are used for economic and federal purposes.
De La Rue is currently the largest manufacturer of federal paper used for the printing of banknotes, tax stamps, and passports in the world. They manufacture notes for approximately one hundred and forty central banks across the globe and even though they did not get the contract for the printing of the United Kingdom’s new blue passports, they maintain their position as the largest supplier of passport printing paper. The closest competition they have for the number of banknotes printed in is North America, who print their own money and don’t make use of a third-party printer.
About ninety-two percent of deposits in the world’s economy is made up of electronic deposits and is referred to as electronic bank money. This type of currency is created by the central banks themselves and doesn’t consist of actual, physical banknotes and coins. The remaining eight percent is made up of printed money, which De La Rue produces the majority of.
In the United States of America, The US Mint is responsible for the manufacturing of the country’s coin currency. Meanwhile, the treasury department’s Bureau of Engraving and Printing is responsible for the printing and designing of the physical banknotes that are used in ATMs and that are procured from the bank directly.
Money that is printed by the Delarue machine in the United Kingdom is controlled by the Bank of England, and The Federal Reserve controls the amounts printed in the United States. Even though these entities control the amount of physical money that is printed, they don’t print any money themselves.
Contrary to belief, the value of a currency is not affected by how much money is printed in that country but instead of how high the demand for that currency is. Currencies are measured against each other, based on demand.
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