March 4, 2024

London: Britain’s prestigious banknote printing company De La Rue issued a profit warning today (April 12). Demand for banknotes has fallen to a 20-year low, a trend that “creates a significant degree of uncertainty,” the company said.

The company said it would require modifications to its covenants with banks in light of the higher interest rates.

When the company issued a profit warning in late November, its auditor, Ernst & Young, warned that it could lose access to credit due to the conditions