A new 12-sided pound coin will come into circulation in March
The public is being urged to spend hundreds of millions of £1 coins before they become worthless later this year.
A new 12-sided pound coin will come into circulation in March, and by October the current round £1 coin will become obsolete.
The Treasury believes around £433m of these round pound coins are in circulation.
“We are calling on everybody – from conscientious children saving pocket money in piggy banks, to families who like to hold on to their coins for a rainy day – to be ready for this change,” David Gauke, chief secretary to the Treasury, told the FT.
“You have until autumn to spend your round pounds or exchange them for the edgy new version at your bank.”
Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.