Peruri to build currency paper factory in 2017

Jakarta (ANTARA News) - 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.(*)