FUKUOKA, Oct 15 (News On Japan) –
Fukuoka Prefectural Assembly selected October 14th to interchange its conventional 18-karat gold member badges with gold-plated ones, in response to hovering gold costs that lately hit a report excessive.
The meeting had lengthy used 18-karat gold for its official member badges, however prices have surged in recent times. According to the meeting, a single badge price 32,400 yen in fiscal 2018, rising to 66,000 yen by fiscal 2022. With the subsequent meeting election scheduled for 2 years from now, estimates for buying new badges within the subsequent fiscal 12 months — together with spares and people for former members — put the full price at greater than 30 million yen.
Faced with this sharp enhance, the meeting’s steering committee voted to modify badge supplies from stable gold to gold plating and to abolish badges for former members. The change is predicted to slash whole prices from round 30 million yen to about 2 million yen.
Source: FBS