BRITAIN VERSUS GERMANY

Fierce competition was underway in mid-August between Britain’s Thomas de la Rue and Germany’s Giesecke & Devrient for the contract to supply the next batch of 980 million Tanzanian bank notes of varying denominations. According to The East African (August 13) the Bank of Tanzania favoured the German printer although it had had to withdraw a previous lot of Shs 1,000 notes which they had misprinted. The paper said that the German company had also been rejected by the European Central Bank for misprinting billions of Euro notes. The East African’s ‘source’ was reported to have alleged that, although de la Rue’s bid was much lower than Giesecke’ s, there was a lot of lobbying going on in order to obtain a ‘donation’. The position was described as stalemate.

RSS feed for comments on this post · TrackBack URL

Leave a Comment

You must be logged in to post a comment.