Peruri to build currency paper factory in 2017
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The state-owned money printing company, Peruri, has set a target to build a currency paper factory in 2017, according to the companys President Director, Prasetio.
Such a currency printing firm is badly needed because Indonesia does not have one so far, Prasetio pointed out here on Monday.
“God willing, we will be able to sign a Memorandum of Understanding (MoU) with our partners, so that it can be realized next year,” Prasetio explained, adding that the venture is open to both domestic and foreign investors to be partners.
Prasetio further said that the currency paper plant will be built on Peuris own land in the West Java Provincial District of Karawang.
Prasetio did not elaborate how much investment would be required for the project.
Questions & Answers
Q.Where is the new currency paper factory planned to be built?
Where is the new currency paper factory planned to be built?
The currency paper plant will be constructed on Peruri's own land. This site is located in the West Java Provincial District of Karawang.
Q.Why is Peruri building a currency paper factory?
Why is Peruri building a currency paper factory?
Indonesia currently lacks its own currency paper factory. Peruri believes such a facility is badly needed to meet the country's requirements for currency printing.
Q.When does Peruri expect to finalise partnerships for this project?
When does Peruri expect to finalise partnerships for this project?
The President Director expressed hope that a Memorandum of Understanding with partners could be signed. This is aimed for next year, to ensure the factory can be realised in 2017.