Tuesday, August 7, 2007

Coins get facelift to reduce minting cost

The Cabinet on Tuesday approved the adjustments to all 9 coins in circulation, expecting to save the minting cost by Bt1.9 billion per annum.


Chodechai Suwanaporn, deputy government spokesman, said after the Cabinet meeting that the resolution will affect new coins.

"The changes follow the minting cost which is higher than the nominal value. The changes will cut cost by Bt1.9 billion per year," he said. ...

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