Association and Incorporation

Who makes the world’s banknotes?

They are a small number of elite producers, a mixture of public and private businesses. By “public,” we mean subsidiaries of central banks of certain countries (the small minority). By “private,” we mean both privately-held, family-owned businesses, and publicly-traded, stockholder-owned corporations that file with regulatory authorities.

Which of these is the most trusted? Who has the longest time-frame, and is really looking to build something of value over time? Benjamin Franklin observed that happiness was contributing to something in his lifetime that would continue on beyond his mortal life.

In the banknote business, a producer can help its customer engender national spirit, while promoting economic safety and transactional security. These are high values — and why we refer to this as the “privileged industry.”