Do you think most coinages include a unit coin nowadays?

Started by <k>, June 29, 2023, 10:46:42 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Do you think most coinages include a unit coin nowadays?

Yes
4 (66.7%)
No
1 (16.7%)
Don't know
1 (16.7%)

Total Members Voted: 6

Voting closed: July 14, 2023, 10:46:42 AM

Pabitra

Quote from: <k> on July 06, 2023, 08:57:18 AMNearly 6 years on, nothing has happened.

Circulation coins need much time for design and approval.

Nations with big economy and their own most active mints have not been able to issue coins for nearly an year and I refer to United Kingdom, Australia, Canada etc.

Coinising a higher denomination, which is always implicit acceptance that inflation has creeped in, requires strong political will. Shift of coin note boundary is something which even USA has not been to carry out despite discussions at every level for a decade.

An example or two.

Egypt recommended coinising 2 Pounds in August 2018 whereas its parliament could approve it only in Sept 2022. I think it is waiting the commissioning of Royal mint joint venture  unit in Suez Canal Economic zone ( East).

Iceland proposed higher denominations in 2013. See CBI Annual report 2013 page 13. 10 years is more than 6 years. I could quote more examples from Philippines, India etc.

In case of Azerbaijan, the redenomination to New Manat took place in 2006. The new set of 6 coins, designed and minted by Swiss mint was bad since it did not carry the year. It took them 15 years and revised top 3 coins dated 2021, minted by Vienna mint , were issued only in 2021 and 2022. Let us see if the set is only 3 coins or will have more.

For a nation where people can wait for 15 years for a correction, 6 years is a short period indeed.

I am unable to upload image ever since the software for this site was upgraded ( or downgraded).

chrisild

Quote from: Pabitra on July 08, 2023, 06:46:32 AMIn case of Azerbaijan, the redenomination to New Manat took place in 2006. The new set of 6 coins, designed and minted by Swiss mint was bad since it did not carry the year. It took them 15 years and revised top 3 coins dated 2021, minted by Vienna mint , were issued only in 2021 and 2022. Let us see if the set is only 3 coins or will have more.

Hmm, the websites that I have seen all say that the 2006 "new manat" coins and notes were designed by Robert Kalina who also designed the euro notes, and printed (OeBS) and minted (Münze Österreich) in Austria (Der Standard, in German). Switzerland's involvement was apparently limited to providing certain security features, see here (PDF in English, interesting "currency history" document anyway). But it was indeed odd to, on one hand, have the denomination on both sides of the coins while not having the year of issue. :)