Coins

Description

Danmarks Nationalbank is the central bank of Denmark. Danmarks Nationalbank's purpose is to ensure stable prices, safe payments and a stable financial system. Danmarks Nationalbank is the sole issuing authority of banknotes and coins in Denmark, the Faroe Islands and Greenland. Since Danmarks Nationalbank closed the in-house production of coins by end of 2016 Danmarks Nationalbank has had a 4-year contract with an external coin supplier. This contract will end during the first half of 2020. Though the need for cash in Denmark is decreasing there is still a need for coins. Danmarks Nationalbank has decided to tender for an external coin supplier for 4 years. The monetary unit is the Danish krone, which is divided into 100 øre. The current denominations of Danish circulation coins are: 50 øre, 1, 2, 5, 10 and 20 kroner. With this procurement, Danmarks Nationalbank expects to purchase the manufacturing of Danish circulation coins, including the necessary tools. Danmarks Nationalbank will provide the origination files and/or master tools for existing coins. In addition to circulation coins, Danmarks Nationalbank expects to purchase: — the manufacturing of Danish commemorative coins including the necessary tools in the following qualities: • circulation quality — 20 kroner, • proof quality — 20 kroner, • BU quality — fine silver coins. — the manufacturing of annual coin sets: • standard coin sets in BU quality – all denominations, • children's coin sets in BU quality – all denominations, • coin sets in proof quality – all denominations. The raw material shall be purchased by the supplier. Danmarks Nationalbank expects to purchase approximately 15 million circulation coins per year in total divided on all six different denominations: Danmarks Nationalbank expects the future need for coin sets and commemorative coins to be as follows: — coin sets — BU quality: • standard coin set (one coin per denomination): 9,000 pieces/year, • children's coin set (one coin per denomination): 1,300 pieces/year. — coin sets — proof quality. • coin sets — proof (one coin per denomination): 600 pieces/year. Packaging for all types of coin sets will be designed by Danmarks Nationalbank. — commemorative coins (on special occasions) • 500 kroner — BU quality – Silver: 20 000 pieces, • 20 kroner — proof quality: 4 000 piece, • 20 kroner — circulation quality: 1 000 000 pieces. The estimated yearly purchase is based on Danmarks Nationalbank's best knowledge of the potential future need at the time of publication of the contract notice. It does not constitute a promise of purchase. Danmarks Nationalbank is entitled to buy more or less and even to decide to cease ordering one or more denominations. The supplier will be responsible for the transportation and delivery of the coins at a CIT (Cash-in-transit) company within the greater Copenhagen area (the delivery place), which shall be decided by Danmarks Nationalbank. Danmarks Nationalbank will inform the supplier of the exact delivery address in writing minimum 1 month prior to the first delivery. The supplier shall have a security organisation capable of ensuring delivery of Danish coins according to the requirements in the framework agreement in a secure manner. The framework agreement will include further security requirements, for instance regarding the supplier's information systems, physical and electronic security, the supplier's organisation, temporary storage facilities and production of Danish coins as well as requirements regarding the transportation of Danish coins. The framework agreement will include security clearing requirements regarding all supplier's and subcontractor's personnel taking part in the production or delivery of coins to Danmarks Nationalbank. The security clearing shall be performed, if possible, in accordance with the British Standard BS 7858 Security screening of individuals employed in a security environment — code of practise or in accordance with similar national security clearing requirements and if possible by national authorities.