Union Mint

The Union Mint (Arabic: السكّ الاتحادي as-sakk al-ittiḥādī) is the institution responsible for minting the Union dinar, the national currency of the Arab Union. It is owned and operated by the Arab Union Central Bank, which is responsible for issuing the dinar to each of the Arab Union's 20 member republics and setting national interest rates. The Union Mint is located on Marjeh Square in Damascus, Syria, where all hard currency is manufactured. The Ministry of Finance operates a fleet of 6 McDonnell-Douglas MD-11s, which are responsible for shipping physical currency across the union: newly minted currency is delivered via armoured vehicles to Damascus–Ghouta International Airport, then flown by MD-11 protected by armed security personnel to the capital of another Arab republic, where the local agency of the Central Bank distributes the new currency throughout the republic. Republican governments, namely each Ministry of Economic Development, are responsible for issuing financial statistics to the Arab Union Central Bank, which directly affect the amount of currency produced and delivered to individual republics.