Euro coin counterfeiting figures from the European Commission report a growing number removed from circulation in recent years, and a sharp rise in 2023 in particular (the latest year it has reported on). The number came to 480,317 – up 62% compared to 2022 and the highest level by far since the introduction of the euro in 2002.

According to the latest figures published by Eesti Pank, Estonia’s central bank issued 3.2 million coins with a total value of €1.5 million in the fourth quarter of 2024. This marks a 28% decrease in the number of coins issued compared to the same quarter of the previous year.

During the recent Coin Conference speakers presented on coin circulation in their respective countries or regions – with shifting circulation trends, efficiency issues, and collaboration as key to solving these as common themes. Here, Coin & Mint News™ focuses on the United States.

Earlier this month, IACA held a webinar titled ‘Cash Visibility: How the Royal Canadian Mint Manages Canada’s Circulation Coins in Real-Time’, in which the Royal Canadian Mint detailed their strategies and systems for managing cash visibility for coin in Canada.

Earlier this year, the Belgian Treasury launched a #spendyourchange campaign encouraging citizens to use their loose change, following warnings from several key trade federations in Belgium of an artificial coin shortage.

Uganda has become the latest African nation to look to gold as support for its currency, as the Bank of Uganda initiates a Domestic Gold Purchase Program with the objectives of building the country’s foreign reserves and minimising risks on reserves investments.

The Coin Workshop started this year’s Banknote Conference – which took place in Fort Worth, Texas from 13-16 May – with a mix of data, storytelling, and discussion.

Beside cashless payments, coins are still a part of modern life. Minting, circulating and recirculating of coins remains a great responsibility for mints and central banks. Depending on the quality of the coin, the lifespan of hard cash can be 10 years or more.

The Central Bank of Kosovo has released details of its efforts to fight counterfeit currency, noting that it had successfully coordinated inter-institutional meetings to design and implement effective strategies to combat the circulation of counterfeit coins, especially €2 coins.

The International Mint Industry Association (IMIA) has issued a position paper on the European Commission’s (EC) draft regulations on the legal tender of euro banknotes and coins.