UK to introduce 'highly secure' one-pound coin


  • Business
  • Wednesday, 19 Mar 2014

The 12-sided

LONDON: Britain plans to replace its one-pound coin in 2017 with "the most secure coin in circulation in the world" as it cracks down on fake currency, the finance ministry said on Wednesday.

"The Royal Mint estimates that about 3% of all one-pound coins, or 45 million, are now forgeries. In some parts of the UK, it is as high as 6%."

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Epicon gets subcontract job worth RM50mil
Kawan Renergy IPO oversubscribed by 94.99 times
FBM KLCI extends gain to fresh 26-month high
Top HSBC shareholder Ping An will retain investment in bank, source says, amid sale talk
BWYS inks underwriting agreement with M&A Securities for ACE Market IPO
Anthony Loke: Proposed MAHB privatisation boosts efficiency
Asian FX ease, stocks struggle for direction on US rate uncertainty
Gold prices head for second weekly gain on Fed rate-cut optimism
Oil set for weekly gain on signs of improving demand
BNM's initiatives help cushion pressure on the ringgit

Others Also Read