The Swiss National Bank has come to the rescue of paper maker Landqart AG, which is having financial difficulties. Landqart makes Durasafe®, the triple layer substrate used for the new Swiss banknotes.
Landqart problems are due to losing a big international client, and since it is the only company producing this kind of paper, The SNB found it expedient to make an investment in it, to insure its supply for the production of its bank notes and passports.
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Source Swissinfo.ch
©2017 Monetary Research Institute.
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