And the World Cup coins when?

Mint unattacked.– The Bank of Mexico advertisement that will change the metal with which the coins that circulate in our country are made, so keep the $20 ones, they won’t come back.

With the noble purpose (or pretext) of making the minting process cheaper, Banxico and the Mint—which has not yet been raided—are analyzing replacing the material with which the 1, 2 and 5 peso coins are made, changing their bronze-aluminum core for one of bronze-coated steel.

According to him Institutional Program of the Mexican Mint 2025-2030the change in the material of the coins that are no longer enough will reduce the minting costs between 300 and 400 million pesos, in addition to prolonging their useful life. That is, just in time for when the peso currency officially becomes what the 10 centavos of yesteryear were.

That the coins that circulate will be made of another material

According to Banxico, Mexico’s monetary base (that is, the coins we use to pay for bread or public bathrooms) grew by close to 4%, which is why the number of coins minted has increased by almost 55% since 2021. Hence the need to lower costs and manufacture more than 3 billion coins per year to satisfy national demand.

Despite the planned changes, the design of the coins will not undergo modifications, since both the shield on the obverse and the figures on the reverse will remain the same. “The change will be barely perceptible,” the National Treasury authorities announced while searching for coins in the car seats.

And well, let’s see if that doesn’t affect the production of $20 coins, which every time one falls, it is saved to never circulate again, as stated in a letter from the apostle Saint Paul to the Chichimecas.

And to stay up to date: we explain the trend “Their first day of the dead” that was a trend on these dates.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *