Pabitra Saha forwarded this story about the Paris Mint's contract to design and produce coins for Saudi Arabia. thanks. -Editor
Saudi Arabia is in the process of designing new coins. The coins are being designed by the Monnaie de Paris company at its manufacturing
facility in Pessac.
The factory will produce 300 million pieces in seven categories. The new coins are expected to enter production between 2016 and
The contract is worth 15 million euros and is the result of three years of negotiations. The president of the company said the Saudi
coin deal represented one year of export to other clients which is 30 percent of the company's activities.
The deal has been under negotiation since 2013, and the majority of negotiations dealt with the coin's design. Coin design experts
from the company, who designed many currencies for other countries, such as Uruguay and Thailand, were approved for the job.
During the past five years, the coin production factory has attracted contracts for 1.3 billion for the French state in comparison with
700 million during the past two years. This is a low number in comparison with countries such as Germany.
To read the complete article, see:
French firm to design, mint new Saudi coins
Wayne Homren, Editor
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