What does it cost to print a banknote? Modern banknotes with advanced security features generally cost between 5 to 10 cents each. If they want high, high security notes, then the cost goes up to 10 to 30 cents per bank note….The question becomes how many banknotes would Iraq need? The estimation is Iraq would need between 4 to 8 billion banknotes. That’s how many banknotes they believe are circulating …That includes the banknotes we have in the United States, UK and other parts of the world but it may not include the banknotes countries are holding. The cost for…8 billion new printed banknotes at 15 cents per banknote would be $1.2 billion to reprint the money…There are additional costs: designing the new notes… shipping …insurance…storage…ATM calibration for every ATM machine in Iraq…approximately $100 to $300 million.Sandy Ingram [Post 1 of 2….stay tuned]
