Japan promotes its banknote printing overseas
Japan's Ministry of Finance has launched a promotion campaign in the hope of attracting orders to print banknotes for other economies, press agency Bernama reports:
Through the National Printing Bureau under its jurisdiction, the ministry hopes to attract such orders by highlighting Japan's cutting-edge anti-counterfeit technologies, sources said. The ministry is also offering a service for printing passports. Currently, the bureau prints Japanese bank notes. In the post-World War II period, Japan printed paper money for South Korea during the Korean War but has no other experience in printing money for other countries.
The bureau has set up a sales office to promote its services to governments and central banks overseas. It has sent officials to a number of emerging economies including Mongolia, Palau and Bhutan and plans to make sales efforts in other countries. The bureau is studying whether there are any plans by other countries to change their bank notes and solicit bids, the sources added.
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