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Royal Canadian Mint wins contract with Bank Indonesia
The Royal Canadian Mint announced on Monday that it had been awarded its first ever contract with Bank Indonesia (BI) to produce nickel-plated steel blanks for its Rp 1,000 circulation coin
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he Royal Canadian Mint announced on Monday that it had been awarded its first ever contract with Bank Indonesia (BI) to produce nickel-plated steel blanks for its Rp 1,000 circulation coin.
This contract win with Indonesia brings the number of countries using the Mint's multi-ply plated steel technology to 34.
"The mint's multi-ply plated technology is the most advanced plating process in the world and is renowned for producing high-quality, cost-effective and secure coinage products," said Sandra L. Hanington, president and CEO of the Royal Canadian Mint in a statement.
First developed for Canadian circulation coinage in 2001, the Mint's multi-ply plated steel technology consists of alternating layers of nickel, copper and nickel plated over a steel core.
Today, this proven technology enjoys success around the world, including in the varying climate conditions of Asia, Africa and the Caribbean.
Since opening in 1976, the Mint's Winnipeg facility has produced circulation coins and blanks for over 80 countries. (ren)(+++)
