Mint of Finland has signed a new contract with the Bank of Guatemala for supply of 1 quetzal circulation coins

Banco de Guatemala and Mint of Finland have signed a new contract for the production and supply of 400 million pieces of 1 quetzal circulation coins. The deliveries of the coins will be made during 2023-2025.

Mint of Finland has first delivered circulation coins to Banco de Guatemala in 2018. Ever since, Mint of Finland has been chosen as the supplier in various occasions. Mint of Finland is proud to have been awarded this significant contract, which is the biggest so far and the deliveries extended to three years period.

“I’m honored that Mint of Finland can be the trusted supplier for the Banco de Guatemala. It is important for us to provide professional service and high quality, and it is a pleasure to do cooperation with the customer that also appreciates these same values. Mint of Finland thanks Banco de Guatemala for this opportunity to build up the fruitful partnership within this long-term contract.” Says Jonne Hankimaa, CEO of Mint of Finland.

The Banco de Guatemala (BANGUAT) is the central bank of the Republic of Guatemala. It is an autonomous state entity with its own assets capable of acquiring rights and incurring obligations; acts as the person in charge of centralizing the funds of the financial institutions that make up the national financial system (including the national banking system), is also the issuer of the national currency called Quetzal and contributes to the creation and maintenance of the best conditions for development of the national economy.

Mint of Finland provides manufacturing, coin lifecycle and consulting services related to coins. The company’s customers mainly include central banks, finance ministries and mints of different countries. Mint of Finland is one of the leading coin exporters in the world with target markets in Europe, Asia, Africa and Latin America. The company is owned by the Finnish state.