On the topic of recycling coins, here's an article forwarded by Pabitra Saha on Vietnam's plan to simply scrap over 600 tons of unwanted,
unneeded coins. -Editor
Vietnam will auction over 600 tons of coins, whose minting has been stopped for years now because of their lack of popularity.
The State Bank of Vietnam (SBV) said it would auction the coins after turning them into metal scrap with a reserve price of VND48 billion ($2
Vietnam began minting coins in 2003 to facilitate payment on buses and vending machines.
But they were met with public apathy because they were hard to use due to their small size and vending machines are rarely seen in the
The SBV stopped the production in 2011.
To read the complete article, see:
Vietnam to auction unused coin
currency as scrap (https://e.vnexpress.net/news/business/economy/vietnam-to-auction-unused-coin-currency-as-scrap-3923225.html)
Wayne Homren, Editor
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