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Japan will produce coins for Bangladesh, the first time the country has minted regular currency for another nation in the postwar period, the Finance Ministry said.

The ministry received an order worth $6.5 million to mint 500 million 2-taka coins (around 2 U.S. cents) for the Bangladeshi government, it said in a statement Tuesday.

The Japanese bid prevailed against competition from Germany, the Netherlands, Slovakia, Spain and the United Kingdom, according to the ministry.

Japan is seeking to produce currency for emerging countries in Asia and the Middle East that lack mints or seek to outsource production.

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