BRITS can expect a new 50p coin to be entering their pockets to commemorate leaving the European Union.
Butwhat is the 50p Brexit coin and when does it enter circulation?
The Brexit 50p coin will commemorate the UK’s ‘new chapter’[/caption]
What is the 50 pence Brexit coin?
To mark the UK’s exit from the European Union, a new coin has been made – dubbed the ‘Brexit’ coin.
It will be the same shape as the classic 50p coin, but will bear a new description, reading: “Peace, prosperity and friendship with all nations.”
Chancellor of the Exchequer, Sajid Javid, initially ordered the production of Brexit coin for the UK’s original departure on 31 October.
But the Brexit delay meant about a million coins had to be melted down and the metal put aside until a new exit date was confirmed.
When will the Brexit coin enter circulation?
Commemorating the new chapter in affairs, about three million Brexit coins will enter circulation around the UK from Friday 31 January.
A further seven million 50p coins are expected to be added later on in the year.
As part of the launch of the coin, the Royal Mint will open the doors of its south Wales HQ for 24 hours to let people strike their own Brexit coins.
On 31 January, the public can mark the milestone in the UK’s history by having a tour of the Royal Mint followed by an opportunity to forge the coin for themselves.
What has Chancellor Sajid Javid said about the Brexit coin?
Mr Javid, who is Master of the Mint, was given the first batch of coins and will present one to Prime Minister Boris Johnson this week.
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As he unveiled the 50p coin, he said: “Leaving the European Union is a turning point in our history and this coin marks the beginning of this new chapter.”
The coin says ‘Peace, prosperity and friendship with all nations’ alongside the date of Brexit[/caption]
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