giesecke & devrient in leipzig from the 1860s giesecke & devrient g & d is a german company headquartered in munich that provides banknote and securities printing smart cards and cash handling systems . contents 1 history 2 anti counterfeiting 3 zimbabwe involvement 4 references 5 external links history edit founded in 1852 by hermann giesecke and alphonse devrient the firm initially specialized in high quality printing notably currency and securities printing . 1 from the 1850s to the 1870s the firm printed some of the important biblical editions of constantin von tischendorf . the partnership s reputation for quality work was confirmed at the 1867 international exhibition in paris . 2 giesecke & devrient supplied currency during the inflation in the weimar republic in the 1920s one of the most prominent cases of hyperinflation . it also printed tickets to the 1936 olympics in germany and did business with spain under franco . 3 its role in facilitating the destruction of the economy of zimbabwe through another printers breeding of hyperinflation under mugabe is well known 3 but the complete role of giesecke & devrient during the holocaust is not . in the modern period g & d has expanded operations to include banknote processing smart cards identification systems and e payments . the firm is the world s second largest supplier of banknotes 4 with annual revenues of 2.45 billion . 3 they have over 8 000 employees and some 50 subsidiaries and joint ventures around the world . 5 the company operates printing facilities in germany munich and leipzig as well as ottawa canada and kuala lumpur malaysia . g & d currently supplies euro notes for the german bundesbank ; and the company supplies banknotes for many other nations . 6 in 1989 the komori technology for printing banknotes was introduced in europe when g & d ordered a small printing machine . 7 in 2000 giesecke & devrient established its north american headquarters in dulles virginia a suburb of washington d.c. the firm produces special paper for use in instruments such as banknotes checks bonds certificates passports and other identification and tickets . in addition to germany giesecke & devrient has printed banknotes for other various countries through the years including cambodia croatia ethiopia guatemala jamaica lithuania peru zaire and zimbabwe . in japan g & d is active in the fields of cards and banknotes . 8 in october 2002 giesecke & devrient along with the information security group royal holloway university of london and vodafone set up the smart card centre which is part of the isg at royal holloway . anti counterfeiting edit in november 2009 giesecke & devrient announced plans to form a new company with sap ag and nokia corp. named original1 to deliver product authentication and anti counterfeiting services globally . the headquarters is in frankfurt germany . original1 offers security solutions for the entire value chain including user authentication end to end encryption of the information flow and database encryption . 9 original1 on demand is an online product providing a complete solution for brand product protection . 10 as of august 2012 original1 is in liquidation . the supervisory board 40 % sap 40 % nokia 20 % giesecke & devrient dismissed the 3 managing directors with 6 months notice and 6 months severance . the remaining employees were dismissed with 3 months notice and no severance . zimbabwe involvement edit giesecke & devrient have a history of doing business with rhodesia and its successor state zimbabwe going back to 1965 and they have been supplying paper for banknotes to the government of zimbabwe throughout the hyperinflation in zimbabwe . 3 in june 2008 u.s. officials announced they would not take any action against the firm . 4 it was reported that on 1 july 2008 company s management board decided to cease delivering banknote paper to the reserve bank of zimbabwe with immediate effect . the decision was in response to an official request from the german government and calls for international sanctions by the european union and the united nations . 11 dr. karsten ottenberg ceo and chairman of the g & d management board explained our decision is a reaction to the political tension in zimbabwe which is mounting significantly rather than easing as expected and takes account of the critical evaluation by the international community german government and general public . 11 references edit notes g & d 1852 officin f r geld und werthpapiere . 2009 . faulman karl . 1882 . illustrirte geschichte der buchdruckerkunst pp. 575 576 . a b c d zimbabwe can t paper over its million percent inflation anymore ; under pressure german company cuts off shipments of blank bank notes to mugabe wall street journal . july 2 2008 . a b u.s. won t punish giesecke & devrient over zimbabwe aid los angeles times . june 19 2008 . g & d profile 2007 . g & d printing bener klaus w. the moneymakers p. 77 . g & d japan a country portrait ; reforms bear fruit . 2009 . cable josh . sap nokia and giesecke & devrient to establish brand protection service industryweek cleveland ohio . november 13 2009 . original1 gmbh what is original1 on demand . a b ohlden anna . giesecke & devrient halts deliveries to the reserve bank of zimbabwe prnewswire . july 1 2008 . bibliography bender klaus w. 2006 . moneymakers the secret world of banknote printing . weinheim germany wiley vch verlag . isbn 978 3 527 50236 3 ; oclc 69326754 german faulmann karl . 1882 . illustrirte geschichte der buchdruckerkunst mit besonderer ber cksichtigung ihrer technischen entwicklung bis zur gegenwart . vienna a. hartleben . oclc 2847445 . external links edit wikimedia commons has media related to giesecke & devrient . g & d corporate website retrieved from https en.wikipedia.org w index.php title giesecke % 26 devrient & oldid 724522041 categories printing companies of germanybanknote printing companiesmanufacturing companies based in munichcompanies established in 1852hidden categories articles with german language external linkscommons category with page title same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages catal deutschespa olfran aisnederlands ti ng vi t edit links this page was last modified on 9 june 2016 at 20 12 . text is available under the creative commons attribution sharealike license ; 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