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Banknote printer Crane Currency has entered a partnership with the Central Bank of Morocco, Bank Al-Maghrib, to print international banknotes.

A statement detailing the partnership was issued on websites for both Crane and Bank Al-Maghrib dated November 12, 2014.

The agreement is expected to be beneficial for both parties, by contributing “to the global expansion of Crane’s currency activity based on the expertise, the production capability and the modern equipment of Dar As-Sikkah, the currency production unit of Bank Al-Maghrib.”

“It is a privilege to partner with The Central Bank of Morocco to expand our capability to serve our global customers,”

“We look forward to working with this highly skilled, world-class facility.” Stephen P. DeFalco, CEO of Crane