Saturday April 21, 2018
Home World British Gover...

British Government to launch a new one Pound Coin at the end of March and scrap the current one by October

The new 12-sided coin will be legal from March 28

0
//
228
One pound coin. Wikimedia commons
Republish
Reprint

London, Jan 3, 2017: The British government will launch a new one pound coin at the end of March and scrap the current one by October. An announcement from the British Treasury on Sunday said the new 12-sided one pound coin would become legal tender on March 28 and the new coin would be produced by the Royal Mint in Wales, Xinhua news agency reported.

A total of 1.5 billion coins will be issued in the first minting.

Check out NewsGram for latest international news updates

The new coin has been introduced to deter sophisticated counterfeiters who can now replicate the current coin, which has been in circulation for 30 years.

The new one pound has a distinctive 12-sided shape, recognisable even by touch and it is made of two metals, the outer ring is gold-coloured (nickel-brass) and the inner ring is silver-coloured (nickel-plated alloy).

NewsGram brings to you current foreign news from all over the world.

And if the coin is tilted it shows a latent image, like a hologram, which changes from a pound sign to the number one.

It will also feature the fifth coinage portrait of Queen Elizabeth II, the world’s longest-serving monarch who began her reign in 1952. (IANS)

Click here for reuse options!
Copyright 2017 NewsGram

Next Story

Britain To Ban Sale Of Plastic Straws In Bid To Fight Waste

Britain planning to ban the sale of Plastic products

0
//
10
An alternative for plastic straws.
Stainless steel straws are displayed at the cooperative Sin Plastico (Without Plastic), which offers environmentally friendly household items free from plastic materials and packaging, in Bilbao, Spain, April 6, 2018. Britain plans to ban the sale of plastic straws and other single-use items. VOA

Britain plans to ban the sale of plastic straws and other single-use products and is pressing Commonwealth allies to also take action to tackle marine waste, the office of Britain’s Prime Minister Theresa May said.

It said drink stirrers and cotton buds would also be banned under the plans.

May has pledged to eradicate avoidable plastic waste by 2042 as part of a “national plan of action.”

“Plastic waste is one of the greatest environmental challenges facing the world, which is why protecting the marine environment is central to our agenda at the Commonwealth Heads of Government Meeting,” May said in a statement ahead of a Commonwealth summit Thursday.

A woman drinking from plastic straw
A woman drinks from a paper cup through a plastic straw on Westminster

Leaders from the Commonwealth — a network of 53 countries, mostly former British colonies — are meeting in London this week.

May is looking to deepen ties to the Commonwealth as Britain seeks to boost trade and carve out a new role in the world ahead of the country’s departure from the European Union in March next year.

Britain will commit 61.4 million pounds ($87.21 million) at the summit to develop new ways of tackling plastic waste and help Commonwealth countries limit how much plastic ends up in the ocean.

“We are rallying Commonwealth countries to join us in the fight against marine plastic,” May said.

Also Read: Plastic-Eating Enzyme Accidentally Developed By Scientists

“Together we can effect real change so that future generations can enjoy a natural environment that is healthier than we currently find it.”

The statement said environment minister Michael Gove would launch a consultation later this year into the plan to ban the plastic items. It gave no details who the consultation would be with.  VOA

Next Story