De La Rue May Get a Contract to Print Turkmenistan Banknotes

[Bimat]

De La Rue interested in cooperation with Turkmenistan

[15.09.2011 12:28]


Turkmenistan, Ashgabat, Sept.15 / Trend, H. Hasanov /

Turkmen President Gurbanguly Berdimuhammadov receives Tim Cobbold, the head of the British company "De La Rue", as well as Area Sales Director Stephen Prior, the Turkmen government said on Thursday.

Cobbold, whose name is directly associated with the development of the national manat, made concrete proposals to further expand the mutually beneficial cooperation.

"In particular, one of the main topics of discussion was the possibility of producing paper banknotes, the production of which is based on local raw materials, including Turkmen cotton, which is famous for its high quality," the report says.

According to the report, the Turkmen leader "fully supports this initiative."

Stressing the "special contribution of the British company in developing and issuing the banknotes with a high protection level, the Turkmen leader emphasized that the current effective turnover of the national currency - manat - is an indicator of the sustainable development of the state banking system and successful advancement of the country on the path of global economic integration," the report says.

Cobbold expressed "his company's deep interest to continuing a partnership which has great prospects in view of the Turkmen economy's intensive growth."

Source: Trend