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VALORA, S.A.

Valora, S.A. is a banknote printing works fully owned by Banco de Portugal. It has operated in Banco de Portugal’s premises in Carregado since 1999, the year it started production.

Valora produces the share of euro banknotes allocated to Banco de Portugal by the Eurosystem.

In the Eurosystem, banknote production is decentralised: every national central bank is responsible for producing one or more denominations annually, either for internal issue or to supply other central banks. This production can be reached through their own printing work, such as Valora, or through private printers.

Nota produzida em Portugal - M

Euro banknotes produced by Valora are easily identifiable through the serial number, which always starts with M.

Banknote production by Valora also complies fully with demanding international standards relating to environment, and health and safety, including those defined by the European Central Bank for the production of euro banknotes. Production by Valora is certified in accordance with the international Quality, Environmental and Safety Standards, the ISO 9001, ISO 14001 and OSHAS 18001 respectively.

 

Valora does not produce metal coins. In Portugal, metal coins are produced by the Portuguese Mint (Imprensa Nacional-Casa da Moeda), but are put into circulation by Banco de Portugal.

Production allocated to Banco de Portugal (millions of banknotes)*

Year

Denomination

Series

Quantity

2006

20

1

213,6

2007

20

1

187,9

2008

5

1

193,6

2009

20

1

287,7

2010

5

1

229,4

2011

10

1

157,9

2012

10

1

238,9

2013

20

1

215,2

2014

20

1

195

20

2

16,6

2015

20

2

29,2

5

2

80,6

50

2

22,3

2016

50

2

120,3

2017

20

2

144

* Production allocated to Banco de Portugal and awarded to Valora, S.A.; actual production may differ from allocated production, provided that the range established by the Eurosystem is not exceeded.