World Coin News
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Russia no longer mints 1- and 5-kopek coins, but the two denominations remain legal tender. Russia’s central bank is asking why, but the decision regarding the future of these coins lies in the hands of Parliament.
Angola’s on-again, off-again relationship with coins is on again. Coins in denominations of 50 centimos, 1, 5, and 10 kwanza went into circulation January 18, complying with National Assembly legislation updating circulating currency approved on June 26, 2012.
Poland May Cut Back on Coin Denominations
Inflation appears to be taking its toll on low denomination circulating coins virtually everywhere in the world. In some situations the coins simply have no real purchasing power. In others the coins may cost more to produce than is their face value. In yet other situations the metal content of the coins may exceed their face value.
In looking at the nations born from the implosion of the USSR, perhaps the most confusing to people in the West are the new nations of Central Asia, those that are sometimes simply called “the Stans.” All proclaimed independence shortly after the dissolution of the Soviet Union. All have some amazing history, but not as independent nations with their current names and boundaries.
Bangladesh Banks Balk at Issuing Coins
There is a shortage of small change coinage in circulation in Bangladesh, but you can blame this shortage on the commercial banks, not on the government.
The fascinating history and details of world coins are brought to life monthly in World Coin News. We are the leading authority on world coins and regularly report on new issues, auctions and other coin news from around the world. Our top experts provide in-depth historical information on coins and the countries that issue them.
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