Wednesday 24 April 2019
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business-standard - 1 month ago

UK s commemorative Brexit coin on hold amid political crisis

The Royal Mint, Britain s official coin-maker, has joined the legions of people and businesses left in limbo over Brexit as the country asks the EU to delay its departure from the bloc. The 1,100-year-old government-owned company had planned to issue a new 50-pence coin to mark Britain s European Union exit on March 29 -- with the date inscribed on it -- and had started producing test pieces. The Treasury announced in October the commemorative piece will be available to buy from Spring 2019 . But amid the chaos engulfing the withdrawal process, it said that no coins have been produced yet for sale. The commemorative 50-pence coin... will be made available following our departure, a Treasury spokesman told AFP on Thursday. Asked on the BBC s Andrew Marr Show over the weekend whether he would have to melt coins with the wrong date, Finance Minister Philip Hammond said they could instead become collectors pieces .

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