Coins

The Covid-19 pandemic caused disruptions in coin circulation in the United States. The U.S. Mint has increased its production since then, but the coinage denomination might need to change.

Queen Elizabeth II’s passing marked the beginning of a complex redesign and updating of banknotes and coins in the United Kingdom and many countries worldwide.

This year, the U.S. Mint released the first pieces of U.S. currency to display a Black woman (Maya Angelou) and an Asian American icon (Anna May Wong).

CashEssentials is honoured to announce that Monnaie de Paris (the French Mint) has joined the think tank.

The equivalent of over 2 billion Canadian dollars are currently held in foreign currency in Canadian homes and businesses. This money, if donated – can help to make a tremendously positive and impactful difference in the community.

The British public is sitting on piles of loose change worth an estimated £50 million. Along with the Charities Aid Foundation, UK Finance is asking people to consider donating some of this spare change to charity.

Cash in circulation increased in the euro area during the first year of the Covid-19 pandemic. An increase in the precautionary demand for cash more than compensated the decline in its transactional demand. Fears over the role of cash in Covid-19 transmission weighed down on its use in payments.

The Global Cash Community has launched the HUMANIA initiative to support the people in society who have been most affected by the Covid-19 pandemic. Donating foreign currency is one way to help. Organizations, big and small can set up their own fundraising efforts to support human and economic recovery.

The Royal Australian Mint is launching the donation dollar, aimed at encouraging Australians to donate for charity. The Mint plans to produce one for every Australian.

Around the globe, protestors have been marching in response to the death of George Floyd in the US and against systemic and institutional racism. It is high time for banknotes to display more ethnic diversity.

The US is confronted with a coin shortage as the pandemic has disrupted the supply chain and normal flows of coin throughout the economy. The Fed, the supply chain and retailers are getting creative.

Some media have been misreporting and scare-mongering around the handling of banknotes in light of the current coronavirus. This is contributing to further marginalise the many people who rely on cash for their daily purchases.