German firm Giesecke+Devrient was awarded a EUR 260 mn contract by the CBE to build a production and processing plant for bank notes in the new administrative capital, according to Telecom Paper. The project, which includes IT and security systems, is set for completion in 2020 and will shoulder the majority of the country’s banknote production. G+D has a long history of sensitive government work, having worked on the current banknote printing systems, the national ID system as well as the production of SIM and payment cards.

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