BRITISH banknote maker
The
Currency revenue fell 2.6 per cent to £113.4m. However, the firm said its currency order book more than doubled since
Earlier this year, it revealed that demand for banknotes had slumped to the weakest level in 20 years.
But it has since reassured investors that demand for currency was picking up and raised its profit expectations for the first half of the year after it.
Data from banking trade body
The company said that data showed "an underlying demand for fresh banknotes", expecting cash in circulation to grow around five per cent a year globally.
(c) 2023 City A.M., source