Issuance of a new 4-year coin contract from the Belgian Federal Public Service

May 1, 2017

Issuance of a new 4-year coin contract from the Belgian Federal Public Service

Issuance of a new 4-year coin contract from the Belgian Federal Public Service

Mission Summary

Clairfield Benelux carried out the preparatory work for the issuance of a new
4-year coin contract, from the Belgian Federal Public Service (“FPS”) Finance. The Royal Dutch Mint (“RDM”) was eventually awarded the contract which covers the production of circulation coins and commercialisation of commemorative coins.

Overview

In October 2016, the Belgian government formally announced their ambition to outsource their coinage as demand for coins declined considerably since the introduction of the euro.
In May 2017, Clairfield Benelux was appointed by the Belgian FPS Finance as Financial Advisor for carrying out the preparatory work of the awarding process.

Clairfield Benelux was previously appointed by the Dutch Ministry of Finance for the sale of the Royal Dutch Mint. The company was sold to Groep Heylen.

The Belgian FPS Finance subsequently awarded the Royal Dutch Mint with a four year coinage contract. Through Royal Dutch Mint, Groep Heylen is already engaged in coinage for 60 central banks, including the Dutch and Luxembourg central bank.

In future, Belgian coins will be produced in Utrecht, the Netherlands. Production of 73 million circulation coins is anticipated in 2018.

The Royal Mint of Belgium will remain in charge of coin design and prevention of counterfeit coins.