Helsinki is set to acquire 470 gold medals at a cost of 1.6 million euros, with the final price influenced by the market values of gold and the dollar.
The city of Helsinki is planning to purchase a substantial number of gold medals, with the city council expected to decide on the acquisition on Monday. The total number of medals to be purchased is 470, which will cost the city approximately 1.6 million euros. The exact price will be determined based on the market value of gold and the dollar at the time of the purchase agreement.
The medals are to be sourced from Kultakeskus Oy, following a four-year contract established last year in January for obtaining these medals. The Helsinki medal, first established in 1955, serves as a recognition award for outstanding work benefiting the city. This program allows the medal to be awarded to individuals who have served in the city or its associated organizations for a minimum of 30 years or have held positions of trust within the city for over 20 years.
This initiative reflects the city's commitment to recognizing its long-serving citizens and those who have made significant contributions to the community. By revitalizing the production and distribution of these medals, Helsinki not only honors its residents but also strengthens its civic pride and community ties, while the financial implications of the purchase underscore the city's investment in heritage and recognition.
