Japan to produce 500 million Tk 2 coins
Published: 2013-02-03 12:59:51.0 BdST Updated: 2013-02-03 12:59:51.0 BdST
The government on Sunday inked an agreement with a Japanese firm to procure 500 million pieces of Tk 2 metal coins from Japan.
Joint Secretary at the Ministry of Finance Akhlasur Rahman and Japan Mint President Yoshiake Shinhara signed the agreement at Bangladesh Bank's (BB) headquarters in Dhaka.
Japan's Ambassador in Dhaka Shiro Sadoshima and BB Governor Atiur Rahman were also present there.
The central bank said the coins will carry an image of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Each of the coins will cost Tk 1.10.
As per the deal, Japan Mint will deliver the new coins in six shipments staring from April.
The state-affiliated firm of Japan recently won the contract to mint coins worth $12 million for Bangladesh after participating in an international bid with Germany, Britain, The Netherlands and Slovakia.
This was the first order Tokyo had received for coins in circulation in any foreign country since the end of World War II.
They clinched the contract on November last year with a bid of $6.5 million, the lowest.
Governor Rahman said,” The process of making these coins has ended with great transparency. A huge amount of foreign currency will be saved as this is a government-to-government deal.”
He said earlier each of such coins would cost Tk 1.22.
Any unauthorised use or reproduction of bdnews24.com content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.
- Gas was too cheap, Muhith says in defence of price hike
- India signs MoU for sustainable development of Sylhet city
- Gas prices bubble up: Bangladesh households hit with over 50% monthly rise for stoves
- Chinese investors find their cash is losing its cachet
- Foundation stone for Padma Rail bridge in April, says railways minister
- Two World Bank cars with Bangladesh customs following probe on duty dodging allegations
- CPD appoints Fahmida Khatun as new executive director
- ‘Democracy essential for economic development’
- Foreign portfolio investments in Bangladesh capital market skyrocketed 26 times in six months
- Bangladesh seeks US support to accelerate economic growth
- Brain damage in former football players fuels ‘heading’ fears
- Former MP Kader Khan 'confesses to planning and training’ to execute MP Liton’s murder
- Bangladesh performs 25th bone marrow transplant in the first-ever centre
- New government report finds Bangladesh island chosen to relocate Rohingyas as 'fit for habitation'
- Extradition of Bangabandhu killer will be a major breakthrough in Bangladesh-Canada relations: Shahriar
- Actress Kabori's memoirs launched at Ekushey Book Fair
- Nine burnt in Old Dhaka gas cylinder blast
- PM Hasina stresses product diversification, exploring new markets for apparel exports
- India arrests its citizen with Bangladesh passport; police suspect militant link
- Bangladesh’s duty-free quota-free access to US market extremely unlikely: Ambassador