Recovery Coins Campaign

9 years, 10 months ago - July 14, 2012
The central bank wants to recover the coins aside. The monthly bulletin of the institution indicates that in May 2012, the amount of coins in circulation was Rs 725.4 million. This figure includes Rs 13.1 million gold coins.

The Central Bank is launching a campaign to recover coins. The goal is to encourage the public to recirculate the parts they do not use.

"If this phenomenon is growing nationally, it represents a problem for the country," said Chu Fung Yuntat Leung, Head Bank & Currency Division. "If all parts are put into circulation, it will save us to order new parts. We obtained the cooperation of commercial banks. So even if a person does not have an account at a bank, it can lay its parts. Parents can introduce their children to the savings by encouraging them to keep records. These may be placed in an account later. Those who want to, can entrust them to charitable institutions. "

The total amount of coins in circulation is Rs 703.3 million. These figures were established in May by the Central Bank. This amount is divided as follows:

 

Parts / million in

1 sou               0,2

2 sous             0,3

5 sous             9,3

10 sous           2,4

20 sous           38,9

25 sous           6,3

50 sous           30,1

Rs 1                 129,2

Rs 5                 104,1

Rs 10                          235,8

Rs 20                          146,4    

 

The monthly bulletin published by the Bank of Mauritius in May indicates that the total amount of money in circulation was Rs 22,322.5 billion. The largest amount was at Rs 1000 notes. It was Rs 14 911 700 000 000. The total amount of coins was Rs 725.4 million. This figure includes Rs 13.1 million in gold coins.

 

Text by lexpress.mu

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