CUSTOMER: Reserve Bank of Vanuatu (RBV) Governor August Letlet and his delegation from the central bank were warmly welcomed into the NPA family this week when the Governor signed a Long-Term Supply Agreement with Note Printing Australia. A Signing Ceremony took place with more than 100 staff in attendance. In addition to the signing of the documents, NPA CEO Malcolm McDowell presented the Governor with a framed engraved plate to commemorate the occasion.
Our Head of Export Customers Nuwan Kalpage was the first speaker, providing a history of NPA's relationship with RBV, which started in 2009 and has included the printing of the 500, 5000 and 10000 Vatu. With the new agreement in place, NPA will now also print the 200 and 1000 Vatu.
"We have been talking about a long-term supply agreement since 2016 but it was only until Governor Letlet came into office that the benefits of NPA’s value proposition became apparent to the Bank," said Nuwan. "It is an honour to be able to confirm that RBV now joins DFAT, Bangko Sentral ng Pilipinas and Bank of Papua New Guinea as one of a special group of customers for NPA.”
In acknowledging Nuwan's comments, the Governor was excited about the potential for the collaboration that RBV and NPA are entering into and acknowledged not only the provision of what he regarded as world-leading quality banknotes but the open opportunity for NPA to help grow the Bank’s internal capability.
“Having the certainty of supply and contingency stock in the face of natural disasters is very important for the Bank, but there are also many ways in which we will benefit from this new collaboration. The support we’ll receive in design services for a future note family, a banknote quality improvement program, staff training and recycling will be a real step forward for our bank,” said Governor Letlet.
Before presenting the Governor with a framed plate featuring the engraving of a kookaburra, Malcolm welcomed RBV to the NPA family, committing the organisation and its talented workforce to serving the RBV as a partner, making the company’s full resources and expertise available to support the Bank.
"Governor, as you and your team of people build stronger and stronger ties with NPA, you will observe a very talented and skilled group of people on our side looking to share their expertise and help your bank in whatever way they can,” said Malcolm. “In your speech you mentioned a number of areas in which we’ll collaborate, and I can tell you that the Bank will never have had more support from a supplier than you will have in partnering with NPA.”
The warm welcome given to the Bank was an appropriate and fitting way to begin this exciting new phase of the journey with RBV.
