The Reserve Bank of India (RBI) has released its circulation figures for 2023-24, documenting in its annual report that both the total value and volume of coins in circulation increased during the year – by 10.4% and 3.5% respectively.

In announcing the publication of its annual report, the Perth Mint stated that the 2023-24 financial year was a challenging one for the organisation.

The Coin Conference 2024 took place in Lisbon, Portugal’s capital, situated on the River Tagus and one of the oldest cities in the world. Taking place 28-30 October, Lisbon’s combination of the historic and modern was the perfect location for an event focused on the future of circulating coinage and its challenges.

The Bangko Sentral ng Pilipinas and Banque de France signed a memorandum of understanding (MOU) on currency management and other areas of central banking at the Philippine Embassy in Washington DC last month.

As technologies and minting techniques develop suppliers and mints are producing ever more advanced coins and precious metal products. To that end, Coin & Mint News™ is beginning a new segment in partnership with CoinsWeekly to highlight new collectible issues that are notable for one reason or another.

Following the death of HM Queen Elizabeth II in September 2022, there was much conversation about it meant for the countries whose currency – notably coins here – bore her portrait. Two years on from the succession of King Charles III as monarch, where do these countries stand with updating their coins?

Estonia is set to introduce new rounding rules next year, with the country also planning to cease minting 1 and 2 cent coins.

ABC Mint has launched a five coin series entitled ‘Untamed Landscapes’, celebrating the natural beauty of Oceania.

The fourth edition of the Directory of Circulating Coins has now been published. With nearly 200 pages, the Directory is the only guide to every current circulating coin in the world, providing up-to-date information, specification and images on every coin in one concise and easy-to-use volume.

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.

The 2024 IACA Excellent in Currency Awards are set to take place at The Coin Conference in Lisbon, Portugal. This month, Coin & Mint News™ closes its summary of the finalists with the remaining two award categories.

The Royal Dutch Mint has signed a multi-year agreement with Finland’s Ministry of Finance for the production, marketing, and distribution of circulation and commemorative euro coins.

Titled ‘Change’, the Royal Australian Mint’s 2023 annual report is aptly named for an organisation, and industry, that experienced multiple significant changes over the course of last year.

Minting of the final coins in the new Caribbean guilder series, the 1 and 5 guilder, has been initiated at the Royal Canadian Mint’s facility in Winnipeg, Canada.

HM Precious Metals opened this year by announcing the addition of powder blanks producer Reischauer to its portfolio, followed shortly by the acquisition of Royal United Mint. Coin & Mint News™ spoke to Thomas Frey, CEO of HM Precious Metals, about its aim to provide a complete portfolio, recent rebrand from Heimerle + Meule, and future plans for the Group.

To commemorate 100 years of the Swiss Franc in Liechtenstein, CIT has released a new coin design crafted in smartminting® Ultra Deep Relief. The coins depict a three-dimensional coloured model of the Rhine Valley with topographical accuracy on the reverse, symbolising the bond between Liechtenstein and Switzerland.

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.

In the August issue of Coin & Mint News™, we provided a brief overview of the ten finalists in the three categories of the 2024 IACA Excellent in Currency Awards. This month, we take a closer look at each of the finalists’ projects in the first category: Best New Commemorative/Limited Circulation Coin.

Earlier this year, the US Mint published a proposal to abolish its Mutilated Coin Redemption Program, relating to the face value exchange of bent and partial coins. Further to the consultation, which concluded at the beginning of July, the Mint published a final rule detailing the permanent closure of the program.

The US Mint’s coin production has increased for the second month in a row, from 235.2 million coins in July to 405.2 million produced in August – with the latter consisting solely of cents (254.4 million) and quarters (150.8 million). The Mint has not reported any nickel or dime production for the fourth time this year.