Transguard and De La Rue establish largest cash management centre

This clearly establishes Transguard's position in the cash management and processing arena.

The agreement was signed by His Highness Sheikh Ahmed bin Saeed AL-Maktoum, Chairman and chief Executive, Emirates Airline & Group and Leo Quinn, Chief Executive, De La Rue.

Dr. Abdulla Al Hashimi, Divisional Senior Vice President, Emirates Group Security said:

"The partnership between Transguard and De La Rue is based on both infrastructure and service. The aim of the relationship is to develop the Transguard Cash Management Centre into a global cash management hub that fits the vision of Dubai."

The cash management centre is located in the newly inaugurated Emirates Group Security Headquarters at the Dubai Airport Freezone, a highly secure facility. The advantages of its location include direct access to the airport via a police controlled airside gate and a command and control centre that allows Transguard to trace and secure cash during transfer.

The cash management centre houses the world's largest cash processing machine. The De La Rue CPS 1800 has a total of 20 processing pockets, which allows it to process 130,000 banknotes per hour and a phenomenal 2 million banknotes a day.

Over the past 12 months the Transguard had been working to develop a unique cash management centre to satisfy the needs of customers both locally and internationally. Through its relationship with Emirates Airline the Transguard Cash Management centre is equipped to meet the demand of the global cash processing market.

Situated in Dubai, the cash management centre already enjoys the hub benefits of transport and commerce created by Emirates Airline and Dubai within the Middle East region. With the technologically-advanced Cash Management Centre and the partnership with De La Rue, Transguard is now positioned to fully exploit Emirates Airline's international network and truly become a cash processing hub.

The division has plans to expand its cash management operations in the future by adding a number of other cash processing machines on par with the CPS 1800 and to complement the facility's current capabilities.

The MoU between Transguard and De La Rue is the start of an innovative and visionary affiliation. This partnership will also further strengthen and expand the cash processing capabilities of foreign currency for which transactions such as the repatriation of Dollars, Euros and Pounds, are facilitated by three daily flights from Dubai to the United States and 13 flights a day to the UK.