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De La Rue: the British money-maker that lost UK passport contract

The 205-year-old company has business around the world, including making polymer notes

News that De La Rue has lost the contract to produce UK passports caused the company’s share price to fall by more than 5% in early trading. The company, which is more than 200 years old, describes itself as the world’s largest commercial producer of currency and passports and claims to supply products to two-thirds of all countries.

Domestically, the company has contracts with the Bank of England, Bank of Scotland, Clydesdale Bank and Royal Bank of Scotland to produce the newer polymer bank notes. It has been introducing the technology around the world, with Botswana and the Maldives other countries to have made the switch. De La Rue also prints money for Qatar, Kuwait, the Bahamas and the Seychelles, among others.

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