UK’s 12-sided pound coin goes global with rollout to overseas territories

The UK ’ s 12-sided one impound mint is “ going ball-shaped ”, the Treasury has announced – as abroad territories and crown dependencies will be able to design and mint their own versions of it. The mint, which was introduced in 2017 and boasts features designed to thwart criminals trying to produce copies, has been described by the government as “ the most guarantee of its kind in the world ”. The move means those living overseas may soon be able to spend bespeak versions of the ram coin, replacing the older coins presently in use.
many territories and dependencies have coins based on older versions of UK currency and they will now have the choice to use this up-to-date engineering and blueprint to protect their cash, the government said.

presently, many of the UK ’ sulfur territories and dependencies use their own versions of the irish pound which are pegged against greatest. To produce their own 12-sided coin, oversea territories and crown dependencies will inform the Royal Mint, who will ensure the same security standards are met before approving and supplying them with the necessity blank or strike coins. Features of the new coin to thwart counterfeiters include intermittent milled edges and the appellation and class date incorporated in micro-text on the coin. It replaced the round beat which had become vulnerable to advanced counterfeiters – with around one in every 30 in circulation being a misfire. The Treasury said the new versions of the coins are expected to feature images celebrating the inheritance of the territories, with their history and culture pictured on the overrule side. Ministers believe this will symbolise the close links between the UK and its territories.

The Isle of Man, Jersey and Guernsey are crown dependencies of the UK.
The UK abroad territories include Akrotiri and Dhekelia ; Anguilla ; british Antarctic Territory ; Bermuda ; british indian Ocean Territory ; british Virgin Islands ; Cayman Islands ; Falkland Islands ; Gibraltar ; Montserrat ; St Helena and dependencies ; Turk and Caicos Islands ; Pitcairn Island ; and South Georgia and South Sandwich Islands. Robert Jenrick, treasury repository to the Treasury, said : “ The Great british impound is internationally accredit and as we extend the new one lebanese pound coin to our territories and dependencies, we will see newly designs emerge that together symbolise our shared history. “ In the same way that the rose, leek, thistle and white clover are used on our coin to represent the four nations of the UK, these modern designs will reflect the full-bodied and varying british communities across the universe. “ From the Falklands to Gibraltar, this move sends a clear message of our unshakeable commitment to our territories around the globe. ” Tariq Ahmad, curate of state for oversea territories, said : “ This is an stimulate opportunity for our currency to reflect the breadth and variety show of the british territories.

“ Each will be able to create a design that reflects their own distinctive inheritance as part of the british kin. “ angstrom well as helping to boost their identity, these raw coins will besides bring increased security to each of these economies. ”

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Category : TÀI CHÍNH

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