- The Federal Reserve System’s Cash Product Office (CPO) announced that it has awarded a contract to Giesecke+Devrient (G+D)
- With the investment in this development project FRS ensures that it will be able to fulfill its mandate of supplying the demand for U.S. currency
- This decision underlines G+D technical leadership offered to central banks around the globe
- NextGen machine will be the foundation for our currency processing operations well into the future
- In the competitive bidding and development process, G+D engineered a prototype to meet the requirements
- The decision marks another milestone in the decades-long strategic partnership between the FRS and G+D
