Since Monday 16 March, the Banque de France's printing works in Chamalières in the Puy-de-Dôme has been at a standstill, reports the regional daily newspaper The Mountain . The production site, which prints around 20% of the banknotes in circulation in the euro area, decided to halt its activity due to the Covid-19 epidemic. This decision concerns the 700 employees of the Chamalières site as well as the 300 employees of the Vic-le-Comte paper mill, the newspaper points out.
There will be no shortage of banknotes..
According to banknote manufacturing manager Vincent Bonnier, interviewed by The Mountain On the other hand, there will be no shortage of banknotes, as the Banque de France has sufficient stocks to meet demand for many weeks.
In a press release dated 16 March, the Banque de France stated that all measures had been taken to ensure that the measures taken by the government to stop the epidemic would not have any consequences for the French in terms of access to cash.
" ?Un robustness group led by the Banque de France and bringing together all the players in the industry (cash transporters, the French banking federation, credit institutions, trade federations, public authorities) is in place to ensure that cash distribution points throughout France are supplied with cash.?»
Today, the fiduciary printing and trust centre is located in Chamalières, 25 kilometres from the Vic-le-Comte paper mill. But the printing site will join the paper mill in a new building that should be completed in 2025.
