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World Coin News (Digital)

World Coin News (Digital)

1 Issue, October 2024

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The Mint of Finland Announced Closure

The Mint of Finland Ltd Board of Directors has announced its closure. Founded in 1860, the Mint of Finland began minting coins in 1864 under Russian emperor Alexander III. It has been a prominent manufacturer of circulation and collector coins, medals, and other coin-related products. The decision to cease operations comes from global payment changes and weakened business conditions, reflecting broader shifts in the international currency market. In recent years, the Mint of Finland has faced increasing challenges, including rising production costs and declining coin usage due to the growing prevalence of digital payments. Despite efforts to diversify its product offerings and streamline operations, the company has struggled to maintain profitability. The closure will result in the loss of hundreds of jobs, impacting both the local community and the broader…
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World Coin News (Digital) - 1 Issue, October 2024

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