When Congratulations are Not in Order
An Italian company has been appointed sole supplier of security thread for Indonesia's banknotes. The price was considered very expensive and no tender was held.
June 24, 2003
WHEN he was appointed as Governor of Bank Indonesia (BI), Burhanuddin Abdullah received many letters congratulating him on his new position. But there was one letter that really startled him. It came from Bill Westervelt, the Managing Director of Crane AB, and arrived on May 19. Crane is a currency security printing company based in Massachusetts, USA, and has long been a supplier of paper currency to central banks in America, Europe and ev
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