How Much Does It Cost To Print Money Australia

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How Much Does It Cost To Print Money Australia

32 cents to make a 100 note In 2020 21 Note Printing Australia delivered 234 million notes to the bank for a fee of 74 million suggesting they cost about 32 cents each to make Most were 50

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Australia s banknotes are printed by Note Printing Australia Limited NPA which is located on a 26 hectare site at Craigieburn Victoria 25 kilometres north of Melbourne Since July 1998 NPA has been a separately incorporated wholly owned subsidiary of the Reserve Bank of Australia AFP Counterfeit Currency Royal Australian Mint

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How Australia s money printing system works A simpler calculation would take the 6 8 billion of extra notes the bank supplied in 2020 21 deduct the 74 million it cost to print the notes and

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Note Printing Australia NPA is a wholly owned subsidiary of the Reserve Bank of Australia RBA that produces banknotes and passports It was corporatised in July 1998 and is located in Craigieburn Melbourne NPA has its origins as a subsidiary of the Commonwealth Bank and was established in 1913 to print banknotes for Australia

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Here are the How Much Does It Cost To Print Money Australia

32 cents to make a 100 note In 2020 21 Note Printing Australia delivered 234 million notes to the bank for a fee of 74 million suggesting they cost about 32 cents each to make Most were 50

Australia s banknotes are printed by Note Printing Australia Limited NPA which is located on a 26 hectare site at Craigieburn Victoria 25 kilometres north of Melbourne Since July 1998 NPA has been a separately incorporated wholly owned subsidiary of the Reserve Bank of Australia AFP Counterfeit Currency Royal Australian Mint