he Philippines has been trying to avoid minting costs by encouraging coins held by the public to re-circulate. The Isle of Man grudgingly submitted to consumer demands that their lowest denomination coins remain in circulation despite the expense of striking more of them. (The IOM is stockpiling coins, but for the present won’t mint further coins in low denominations.) Several European Union eurozone countries are abandoning the lowest denomination
Estonia Saves on Minting Expenses
Feb 06, 2024
2 minutes
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