The Royal Mint of Belgium has confirmed that it will cease its minting activities on 1 January 2018, reportedly due to overcapacity in the market. According to local reports, the Ministry of Finance has attempted to close the Royal Mint of Belgium since 2010 due to its business being unprofitable, but has met resistance from both the…
The UK’s Royal Mint has won a contract to supply Argentina with 150 million peso coin blanks, assisting the country in producing their new coin series. The announcement was made on social media by UK Chancellor Philip Hammond who visited Argentina earlier this month for trade talks – the first Cabinet minister to visit the country in…
On 1 July 2017, the Central Bank of Trinidad & Tobago began re-issuing new 5, 10 and 25 cent coins having changed their metal composition, and it has also dropped the 1 cent coin. The new coins are manufactured using more cost effective metals to help make savings for the Central Bank of Trinidad & Tobago, estimated to…
A new family of circulation coins will be issued by the Bangko Sentral ng Pilipinas, the Central Bank of the Philippines, later this year but it will no longer include the 10-cent denomination coin. According to a report by centralbanking.com, the Central Bank of the Philippines intends to issue its new family of coins by the end…
Pobjoy Mint has announced that it has changed the design of its ‘Britannia Rules the Waves – 2017’ commemorative coin due to a copyright infringement. The bullion 1 crown coin, issued on behalf of the Falkland Islands by Pobjoy Mint, included the phrase “Britannia Rules the Waves” in its design to honour the soldiers that gave…
In a move towards a cashless society, South Korea has begun a trial whereby cash paying shoppers can receive their transactional change in the form of a credit deposited onto pre-paid payment cards, instead of coins. The trial begins today following an announcement by the Bank of Korea last year detailing efforts to reduce the volume of circulating coins within the country. Customers…
The Isle of Man Treasury has announced the launch of the latest set of Manx circulating coins, including a five pound coin. The new coins will begin circulating from today, Monday 10 April 2017, on the Isle of Man, a self-governing Crown dependency situated between England and Northern Ireland with a population of around 86,000 people. The…
The new 12-sided £1 coin has entered circulation today, said to be the most secure circulating coin in the world. The new coin, issued by The Royal Mint, contains several new features making it difficult to counterfeit. Previously, the one pound coin had become vulnerable to counterfeiters, with one in 30 pound coins in circulation being counterfeit.…
The Narodowy Bank Polski (NBP), The Central Bank of Poland, has started issuing revised circulating coins consisting of 1, 2, 5, 10, 20 and 50 grosz, and 1 zloty. The 10 grosz coin has been issued today, 15 February 2017, and the 1 zloty coin is expected to be issued on 20 February. The remaining denominations will…
The Bank of Latvia has issued a new five euro collector coin called “The Earth”, uniquely made of translucent perlucor. The coin has a silver outer ring and a symbol of the Earth is shown in the centre of the transparent coin. The coin’s graphics, by architect M. Kalniņš, was the winning design in a competition held…