Central Banking

UK to introduce ‘world's most secure coin', claims the Royal Mint

new-1-pound-obverse

The UK is looking to introduce the "most secure circulating coin in the world", using technology previously only used in banknotes, the Royal Mint said today, arguing it would allow Britain to rapidly reduce the rate of counterfeit coins in circulation.

The new £1 coin, which is slated to come into circulation in 2017, will be constructed from two different coloured metals and contain a security feature known as Project Isis (integrated secure identification systems), developed by the Royal Mint

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