Indonesian Political, Business & Finance News

Soeharto stamps get the chop

| Source: JP

Soeharto stamps get the chop

BANDUNG, West Java: State-owned postal company PT Pos
Indonesia will no longer print stamps bearing the image of former
president Soeharto, head of the company's philately division
Mulyanto said here yesterday.

He said the stamps would no longer be printed as Soeharto had
resigned from the presidency.

Mulyanto expects stamps bearing Soeharto's face to increase in
value, adding that it was also a "business opportunity" for his
division given the stamps marked-up value.

He noted that the company had received many queries from
abroad asking about purchasing such stamps.

Some five million stamps bearing Soeharto's image have been
printed since 1984 with a nominal value of between Rp 150 to Rp
700. (43)

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