Moneymakers: The Secret World of Banknote Printing

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John Wiley & Sons, Apr 14, 2006 - Business & Economics - 316 pages
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This book is about the most precious piece of paper we know, aboutbank-notes. Modern life would be unthinkable without them. Yet, thegeneral public is kept very much in the dark about how they aremade or who makes them. It is rarely known, for example, thatdespite America's technical Prowess all dollar bills are printedexclusively on German high-security printing presses using secretSwiss special inks, or that the phony 100 dollar bills, theso-called supernotes may well be printed in a top-secret printingworks located just north of the white House and run by the CIA -although the US government is blaming the rogue government of NorthKorea for counterfeiting these bills. This book is finally liftingthe veil on an industry used to absolute secrecy. It recounts thestories of a British banknote printer who, fearing the loss of hiscustomer, informed the Egyptian secret service that the securitiesprinting machinery the Egyptians were about to buy was of Jewishorigin; of a private printer who convinced the Polish central bankthat it should destroy a complete series of new, perfect banknoteswhich had been printed by a competitor, or of an Argentineanhigh-security printer who came to print genuine fake bank-notes forZaire and Bahrain as a result of two sting operations, which smellof the Belgian and French secret service.

Moneymakers, by offering a detailed view of the banknoteindustry and its modus operandi, removes the industry's carefullyimposed shroud of secrecy. This book has been researched over afive-year period in Europe, the USA, and Latin America. The book isbased exclusively on personal Interviews and confidential mate4rialnormally not accessible to outsiders. There were attempts to stopthis research project.

Klaus W. Bender has peered behind the scenes of the Secret andexclusive world of the moneymakers. - Financial Times Deutschland,2004

The errors and pitfalls at the birth of the euro make Bender'sresearch so unnerving. - Suddeutsche Zeitung, 2004

Bender does not mince his words when he describes abuses - andthere are lots of them. - Neue Zurcher Zeitung, 2004

 

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Contents

Preface
11
From obelos to ecash
17
Why the market for banknote printing is special
33
How Signor Giori was able to carve out a worldwide
53
Why Monsieur Amon had the same success with
87
5
103
Moneymakers Klaus W Bender
129
He wins who dares
136
The crisis
142
Copyright 2006 WILEYVCH Verlag GmbH Co KGaA Weinheim
159
What brought lundesdruclterei to the brink of ruin
169
How Ciccone Calcografica wasted its fiduciary capital
193
IO Why the euro became a bonanza for moneymalrers
219
Acknowledgments
287
Index
311
Copyright

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About the author (2006)

Klaus W. Bender is an economist and journalist with 30 years experience as a foreign correspondent for the "Frankfurter Allgemeine Zeitung" (FAZ), Germany's leading daily paper. From an office in Tokyo, he has covered East Asia; from Rome, the Mediterranean basin; from Vienna, the Eastern European countries in transition. Further, in the run-up to the birth of the euro, since the 1990 ́s he has been investigating the situation of the banknote industry and its problems. As a result, in the year 2000 he discovered and broke the story of the misprinting of more than 300 million 100-euro bills by the officially appointed printer in Germany. The story went around the world. Additionally, he was the first journalist to report on the unfolding economic difficulties of the Bundesdruckerei in Berlin, the then highly respected state printing plant of the DM bills, as it was about to be privatized.

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