Russia’s 1- and 5-kopek coins to be phased out
Due to the high production cost the Bank of Russia practices the “soft elimination” of 1- and 5-kopek coins allowing the coins to circulate until they wear out. Simultaneously the Russian government is experimenting with a card, which is thought to replace change in the future.
Cash money on its way to extinction?
A world without graft, bank robberies and theft? Wouldn’t it be great? But at the condition that it would be a world without cash money …? How the use of cash money might change in high tech societies in a digital world we can learn looking at Sweden. And it might be worth observation.
Zambia to re-introduce coins into circulation
Zambia has the highest denominations in the region. Due to the high inflation coins do not circulate any longer. But now the government is planning to “rebase” the currency by lopping off three zeros and to re-introduce coins.
Third series of Malaysian coins introduced
Malaysia has issued a new coin series themed “Distinctively Malaysia”. The coins are considered to be more durable and resistant to counterfeiting. In addition they reduce the production costs by 49 per cent.
Canada’s Majestic Moose on Silver Bullion Coin
The Royal Canadian Mint has presented at the World Money Fair Berlin a new one-ounce silver bullion coin in its popular Canadian Wildlife series: a tribute to the moose, Canada’s largest land mammal.
Royal Mint launches final Countdown to London 2012 coin
With just months to go until the start of the London 2012 Olympic and Paralympic Games, The Royal Mint has launched the fourth and final UK £5 coin in the Countdown to London 2012 Series in silver Proof, silver Piedfort and gold Proof.
New Edition of Standard Catalog of World Paper Money, Modern Issues Available
The new edition of the Standard Catalog of World Paper Money, Modern Issues 1961-present, is now available from Krause Publications. Bank notes issued worldwide since 1961 are featured in the most comprehensive English language reference on the market.
East India Company to mint again legal tender
The new East India Company, a luxury brand, has announced the issue of legal tender in a centenary tradition. Two Mohur and two Cash coins will be minted by the Royal Mint.
Banknotes in demand as iPhones
The Bank of China in Hong Kong has issued a limited edition of banknotes commemorating its centenary jubilee. Frenzied scenes occurred in front of the building the day of the restricted distribution, prices went high but nobody can know for sure how the market value will develop.
Beau Street Hoard Britain’s fifth largest treasure hoard
The biggest hoard ever found in a UK town has been revealed to the public. Around 30,000 coins from the third century AD were found in Bath nearby the famous Roman baths. The hoard has been declared treasure trove.