State-owned print works make around 85% of the 150 billion banknotes produced each year.
The company, which prints some 150 national currencies as well as UK passports, said it would reduce its production lines to four from eight and cut its print capacity from 8 billlion to 6 billion banknotes annually.
The ECB announced on Wednesday that the fuchsia-coloured bills, the highest denomination of the eurozone's seven banknotes, would no longer be printed or distributed from 2018, on the grounds that they are too often used to finance crime.
The Bank of England issues about a billion banknotes each year, and withdraws almost as many from circulation.
The Bank of England issues nearly a billion banknotes each year, and withdraws almost as many from circulation.
So could this be the solution - no portraits at all? Norway currently has women on two of its five banknotes.
Prosecutors told the court that when she was searched at the airport a roll of cash - made up of 500-euro banknotes - was discovered, which had been concealed in her body inside a condom.
The court heard that when she was searched at the airport she pulled a roll of cash - made up of 500-euro banknotes - from her underwear, which Mr Dennis said had been concealed in her body inside a condom.
During this timeframe, they produced 100-peso banknotes featuring the lamb, Puerto Rico's official emblem.
