Advertisement

  1. ITV Report

Royal Mint to help overseas territories design their own pound coin

The Royal Mint in Llantrisant is to help overseas territories design their own version of the pound coin.

The new £1 coin was introduced in 2017. Credit: PA

The new twelve sided one pound coin was introduced in 2017, and described by the UK Government as "the most secure of its kind in the world". Now, those living overseas may soon be able to spend bespoke versions of the new pound coin.

To do so, overseas territories and Crown dependencies will inform the Royal Mint, who will ensure that the same security standards are met before approving and supplying them with the necessary blank or struck coins.

"In the same way that the rose, leek, thistle and shamrock are used on our coin to represent the four nations of the UK, these new designs will reflect the rich and varying British communities across the world.

"This is an exciting opportunity for our currency to reflect the breadth and variety of the British Territories.

"Each will be able to create a design that reflects their own distinctive heritage as part of the British family.

"As well as helping to boost their identity, these new coins will also bring increased security to each of these economies

– Lord (Tariq) Ahmad of Wimbledon, Minister of State for the Overseas Territories