Archive – Circulation Coins / Shortage

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Coin hoard or coin collection?

In the Philippines a shortage of coins has become regularly noticeable notwithstanding impressive masses of struck coins. But apparently those coins do not get or stay in circulation. A new bill proposes to penalise coin hoarding. more ]

How much worth is a rupee?

How much worth is an Indian one rupee coin? Some people demand 2,500 rupees for it. Probably the coin’s intrinsic value exceeds the face value. But not because of its alleged gold content ... more ]

Is inefficient logistics India’s source of coin shortage?

India lacks continuously circulation coins despite higher production quotas. Although there have been various rumours about illegal coin exports, a central problem appears to be much more concrete: lack of infrastructure for distributing properly the minted coins. more ]

Airtime instead of small change

Immaterial airtime seems to be the solution to a vital problem of Zimbabwean economy: the overwhelming, ubiquitous lack of coins and hence of small change. more ]

Zimbabwe asking to purchase Rand

In 2009 Zimbabwe abandoned its own currency due to economical struggles. Currently Zimbabwe is asking the South African Reserve Bank if it may purchase South African money for use in commerce even though the country is not member of the Common Monetary Area. more ]

Kenya short of coins?

Although the Central Bank of Kenya denies it appears that the country is suffering of coin shortage as medias reported at the end of November 2012. It is unclear what the exact causes are, though. more ]

Bank Resist Distributing Coins in Bangladesh

Shortage of Coins is a challenging problem in many countries. Richard Giedroyc explains us, why the supply of change does not work in Bangladesh. more ]

The Rise and Fall of India’s Coin Demand

It’s a state’s duty to supply its citizens with change in order to guarantee a smooth economic life every day. In some nations this task is easy, in other nations it is very difficult. Richard Giedroyc writes about the problems India faces in supplying enough change to its citizens. more ]

Pilgrims blamed for Sri Lanka’s coin shortage

Sri Lanka’s officials give a curious reason for the country’s continuing coin shortage: pilgrims deposit too many coins as gifts in shrines and temples especially abroad. However, people tend also to hoard coins at home instead of taking them to banks. more ]

Sri Lanka’s coin shortage – the blame game

Sri Lanka is suffering from coin shortage and the Central Bank has identified suspected ‘culprits’: people who hoard coins, pilgrims offering coins in shrines. But is that all? And will the new series of commemorative 10-rupee coins really help resolving this crisis? Richard Giedroyc is summarizing the situation. more ]

Not Even Beggars Accept Zimbabwe’s New Coins

To remedy the small change shortage, Zimbabwe issued the so-called bond coins. So far, the approach has proven ineffective. That may be due to the fact that the Reserve Bank does not bring it home to the people what bond coins actually are. more ]

Circulating coins: cash logistics

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on strategies for an ideal cash logistics as described by different central banks. more ]

Circulating coins: trends and new coin series

Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico. more ]

Update on the actual vanishing of small denominations

Everybody is talking about the disappearance of the small denominations. We are putting the perception to the test: How many small denominations have been abolished between 2014 and 2016? How many banknotes have been replaced by coins? more ]

Why can’t we get rid of small change in most of the modern vending machines?

Have you been to Spain recently? To pay at the parking garage, you can insert all your 1 and 2 Cent coins, thus feeding a lot of small denominations into circulation again. But why do Spanish vending machines accept small change while others don’t? Here you can read the answer by Erwin Wetzel, Director General of the European Vending Association. more ]

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