Security Printing And Minting Organization
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Security Printing and Minting Organization (SPMO; ) is a
subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...
of the
Central Bank of Iran The Central Bank of the Islamic Republic of Iran (CBI; ; SWIFT Code: BMJIIRTH), also known as ''Bank Markazi'', was established under the Iranian Banking and Monetary Act in 1960. It serves as the banker to the Iranian government and has the e ...
responsible for design, production and elimination of banknotes and coinage in
Iran Iran, officially the Islamic Republic of Iran (IRI) and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the nort ...
under the exclusive authority.


History

Founded in 1877 as the sole national
mint Mint or The Mint may refer to: Plants * Lamiaceae, the mint family ** ''Mentha'', the genus of plants commonly known as "mint" Coins and collectibles * Mint (facility), a facility for manufacturing coins * Mint condition, a state of like-new ...
zarab-khane (''zarrabḵana'') of Iran, it replaced multiple provincial mints. It was constructed at the place of a former cotton factory in northern Tehran, and used French machinery while the original building was built by the Belgians. Senior Münze Österreich official, Franz Pechan von Prägenberg, contributed to technically operate the mint. In 1931, Germans provided the mint with new machinery. Iranian banknotes were not printed by the organization until 1982; instead they were outsourced abroad to
Bradbury Wilkinson and Company Bradbury Wilkinson & Co were an English engraver and printer of banknotes, postage stamps and share certificates. History The original company was established in the 1850s by Henry Bradbury and begun printing banknotes in 1856. Bradbury then die ...
,
Waterlow and Sons Waterlow and Sons Limited was a major worldwide engraver of currency, postage stamps, stocks and bond certificates based in London, Watford and Dunstable in England. The company was founded as a family business in 1810. It was acquired in 1961 b ...
, American Bank Notes Co and
De La Rue De La Rue plc (, ) is a British company headquartered in Basingstoke, England, that produces secure digital and physical protections for goods, trade, and identities in 140 countries. It sells to governments, central banks, and businesses. Its ...
.
Koenig & Bauer Koenig & Bauer AG (; ) is a German company that makes printing presses based in Würzburg. It was founded by Friedrich Koenig and Andreas Friedrich Bauer in Würzburg in 1817, making it the oldest printing press manufacturer in the world still ...
reportedly refused to provide the organization with equipment in 2012.


References


External links


Security Printing and Minting Organization
Banknote printing companies Mints (currency) Bullion dealers 1870s establishments in Iran 1877 establishments in Asia Manufacturing companies established in 1877 Manufacturing companies based in Tehran Currencies of Iran {{manufacturing-company-stub