Hi @crypto.piotr. There are obvious risks to national security and currency sovereignty, however a cost benefit may show that the costs of outsourcing currency may be worth the risk. I know that here in Australia, we print currency for many of our Asia-Pacific neighbours. Security is tight, and quality excellent. different situation to the one you outline, many of these countries are poor, and very small, and outsourcing to a bigger, friendly neighbour makes sence.

The world is becoming more and more dependant on Chinese production of everything else, physical currency isn't much different. I am not hugely concerned, Paper currency (or Plastic in Australia's case) probably won't exist in 10 years so it's a short term industry in my opinion anyway, if they can do it cheaper, then why not.

I would like to believe that your government would put appropriate safeguards and security measures in place, and have a backup plan in case something goes wrong... Or is that expecting too much from politicians.