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Mint of Finland starts manufacturing coins for Bangladesh
Mint of Finland – a manufacturer of metal circulation and collector coins – has signed a contract with the Central Bank of Bangladesh for manufacturing 600 million pieces of 5 Taka denomination Bangladesh coins during 2011–2012. The contract is a significant one to the company.
In 2010, the company manufactured 1.1 billion coins. The value of the contract will not be disclosed. The nominal value of the 5 Taka coin is EUR 0.05.
Mint of Finland is very happy about the contract. “In April 2011 the German coin-blank manufacturer Saxonia EuroCoin GmbH became our subsidiary. We have been able to quickly start enjoying the synergy benefits that increase our sales. In global coin business the availability of billets is crucial. At the beginning of May, we signed a contract with the Central Bank of Argentina to produce 300 million billets. This contract means a lot of work in Vantaa as well”, says Paul Gustafsson, Mint of Finland's CEO.
Further information:
Henna Karjalainen
Communications and Marketing Manager
Mint of Finland Ltd.
+ 358 50 575 9197
henna.karjalainen(at)mint.fi
Mint of Finland Ltd. is the leading mint in the Eurozone. It is the sole owner of the German coin-blank manufacturer, Saxonia EuroCoin GmbH, AB Myntverket (the mint of Sweden), and holds a 50 percent share in the Norwegian Det Norske Myntverket. Mint of Finland is dedicated to designing, marketing and minting coins. The company is owned by the Finnish state. Mint of Finland produces metallic currency, commemorative and collector coins, as well as coin sets. During 2011, Mint of Finland will issue six new collector coins and seven provincial coins. Finns are able to see how coins are produced at the ‘About a coin’ exhibition at Heureka, the Finnish Science Centre. For further information about the 2011 events, go to: www.suomenrahapaja.fi
