Ian Woolford: RBNZ Money and Cash Director says it'll be until at least 2025 before King Charles III is minted on coins
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
Coin collectors and enthusiasts alike will have to wait a few years before they see King Charles lll on their legal tender coins.
In the new design, the King faces left - keeping with conventions that each new sovereign changes directions.
The Reserve Bank expects the 10 cent coin to be minted in 2025 - with the others following in 2027.
Director of Money and Cash Ian Woolford told Heather du Plessis-Allan they still have a lot of coins with the Queen's effigy on hand.
“Also it’ll be a couple of years before we do a new order, and it doesn’t make sense to destroy good coins.”
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