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02/04/2014

New £1 coin to launch in 2017

The Chancellor of the Exchequer, George Osborne, has announced that a new £1 coin will be introduced in 2017 to help reduce counterfeiting and ensure the integrity of the United Kingdom’s currency.

£1 coinBilled by the Royal Mint as the “most secure coin in the world”, the move comes amid concerns about the 30-year old coin’s vulnerability to counterfeiting, with an estimated 45 million forgeries in circulation.

Read more:

BBC >>

Royal Mint >>

Image source: http://www.telegraph.co.uk/

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