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Mint of Finland

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Suomen Rahapaja Oy
IndustryMetalworking
Founded1860; 164 years ago (1860)
Headquarters
Helsinki
,
Finland
Area served
Finland
Productscoins
Websitewww.rahapaja.fi

The Mint of Finland (Finnish: Suomen Rahapaja, Swedish: Myntverket i Finland), legally registered as Suomen Rahapaja Oy (Myntverket i Finland Ab in Swedish), is the national mint of Finland. It was established by Alexander II of Russia in 1860 as the mark became the official currency of the Grand Duchy of Finland. The mint was first located in the Katajanokka district of Helsinki and in 1988 the new production facility was opened in Vantaa. Mint of Finland has been a public limited company since 1993. Today it is the owner of the Swedish mint, the Myntverket, and owns half of the shares of the Royal Norwegian Mint.[1]

The Mint of Finland has produced the euro coins of Estonia,[2] Greece, Luxembourg, Slovenia, Cyprus and Republic of Ireland[3] as well as the coins of the Swedish crown since 2008, which ended the more than thousand-year-old minting tradition in Sweden.[4] Since 2017 it has also held the contract for minting coins of the Danish krone.[5][6]

In 2023 the Mint of Finland signed additional contracts with the Banco de Guatemala for the supply of 400 million coins of 1 quetzal[7] and the Banco de la República (Colombia) for the supply of 370,5 million Colombian Peso coins.[8]

On the 28 August 2024 the directors of the mint decided to terminate operations. Once current contracts are completed the facility will close down, a date expected to be in the spring of 2025.[9]

See also

References

  1. ^ The History of Mint of Finland Archived 2015-08-22 at the Wayback Machine Mint of Finland. Retrieved 1 October 2015.
  2. ^ "Minting of Estonia's Euro Coins Begins in Finland". Yle Uutiset. 20 July 2010. Retrieved 1 October 2015.
  3. ^ How circulation coins are made Archived 2014-05-27 at the Wayback Machine Mint of Finland. Retrieved 1 October 2015.
  4. ^ "Finskt myntverk ska sätta prägel på svenska kronan". Dagens Nyheter (in Swedish). 2 November 2007. Retrieved 1 October 2015.
  5. ^ "Mint of Finland has been chosen to produce Danish coins starting in 2017" (PDF). København: Danmarks Nationalbank. 19 May 2016. Retrieved 11 November 2022.
  6. ^ "Mint of Finland to continue producing Danish coins from 2021". København: Danmarks Nationalbank. 16 March 2020. Retrieved 11 November 2022.
  7. ^ Rahapaja.fi
  8. ^ Mint of Finland
  9. ^ Mint of Finland Ltd. will be closed
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