The Board is the sole issuing authority of the nation's currency, and it pays the Bureau of Engraving and Printing for expenses related to producing banknotes. This includes a multicycle project budget for the BEP's large-scale capital investments (such as production equipment and facilities) that span multiple years. The Board's processes for approving and monitoring the multicycle project budget are generally effective, providing sufficient resources to the BEP and promoting effective stewardship of funds

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