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Royal Mint of Belgium to close in 2018

Coin, NewsBy SMI 09/08/2017

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…

Royal Mint to supply Argentina with 150 million coin blanks

Coin, NewsBy SMI 08/08/2017

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…

Poland revises circulating coins in 2017

Coin, NewsBy SMI 15/02/2017

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…

Sweden launches new banknotes and coins

Banknotes, Coin, NewsBy SMI 03/10/2016

Sweden has launched the remaining banknotes and coins of its latest currency series today, with the new 100 and 500 krona banknotes and 1, 2 and 5 coins. The new banknotes and coins complete the latest currency series issued from Sveriges Riksbank, the central bank of Sweden, following the initial release of the 20, 50,…

Sweden introduces new banknotes and coins

Banknotes, Coin, Currency, NewsBy SMI 17/02/2015

On Monday 16 February 2015 the Riksbank, the Central Bank of Sweden, introduced its new series of banknotes and coins. It is the first series to be launched in 30 years, and the new designs include a new denomination 200 krona banknote and 2 krona coin – the 2 krona coin was last issued in…

Goznak to become a joint-stock corporation

Banknotes, Coin, Currency, NewsBy SMI 06/06/2014

Goznak, Russia’s Federal State Unitary Enterprise and one of the world’s largest producers of coins, banknotes, postal stamps and awards, is to be transformed into an open joint-stock corporation following orders from President Vladimir Putin. Putin has ordered that this occur within the next 18 months. All shares in Goznak will remain with the Russian state.…

Botswana launches new circulation coins

Coin, NewsBy SMI 13/03/2014

A statement by the Royal Canadian Mint has announced that it has produced a new series of coins for the Central Bank of Botswana. The entire series of coins use the Canadian bank’s multi-ply plating technology – consisting of alternating layers of metal such as nickel, copper and brass plated over a steel core –…

Tanzania moves cash note-coin boundary

Banknotes, Currency, NewsBy SMI 03/03/2012

Following complaints about the state of their lowest denomination note, the 500 Shilling, the Bank of Tanzania have announced plans to move the note-coin boundary by converting this note into a coin. The green 500 shilling note is remaining in circulation for much longer than originally expected and with it not returning for fitness sorting, the notes are becoming damaged and soiled. The latest series…