The Philippines has been trying to avoid minting costs by encouraging coins held by the public to re-circulate. The Isle of Man grudgingly submitted to consumer demands that their lowest denomination coins remain in circulation despite the expense of striking more of them. (The IOM is stockpiling coins, but for the present won’t mint further coins in low denominations.) Several European Union eurozone countries are abandoning the lowest denomination euro cent coins due to production expenses.
Estonia recently reported it has repatriated sufficient 1- and 2-cent euro coins that there is now a two-month supply of the lowly denominations to avoid having to produce more of them at least for the time being.
The Eesti Pank or Bank of Estonia recently proposed that rounding rules be introduced for 1 and 2-cent euro…
You're reading a preview of
World Coin News (Digital) - 1 Issue, February 2024