Trea­sury wait­ing for ap­proval to mint coins

Bangkok Post - - BUSINESS - WICHIT CHANTANUSORNSIRI

The Trea­sury De­part­ment is await­ing royal ap­proval to mint His Majesty King Maha Va­ji­ra­longkorn’s coro­na­tion com­mem­o­ra­tive coins and medals. The coins are com­posed of gold, sil­ver and cupron­ickel, while the medals con­sist of plat­inum, sil­ver and cop­per and are at­tached to a rib­bon band, said Am­nuay Preemon­wong, direc­tor-gen­eral of the Trea­sury De­part­ment. De­tails in­clud­ing price, pro­duc­tion limit and ceil­ing of reser­va­tions per per­son will be made later this month, with a reser­va­tion pe­riod avail­able be­fore the coro­na­tion date set for May 4-6. In­ter­ested peo­ple can make reser­va­tions at branches of Krungthai Bank, Counter Ser­vice and the Trea­sury De­part­ment’s coin ex­change cen­tres na­tion­wide, Mr Am­nuay said. In an­other de­vel­op­ment, he said the de­part­ment has launched a mo­bile coin unit con­sist­ing of two trucks to of­fer bet­ter ac­cess coin ex­change ser­vice. The mo­bile coin unit pro­ject is aimed at en­cour­ag­ing peo­ple who keep coins idly in piggy banks to re­turn the money to add to the vol­ume of coins in cir­cu­la­tion and re­duce the de­part­ment’s ex­penses mint­ing new coins. The trucks are set to travel in 14 prov­inces that do not have the Trea­sury De­part­ment’s coin ex­change cen­tres. The mo­bile unit’s ser­vice will ini­tially be avail­able in Pathum Thani and Ayut­thaya dur­ing the first two months of this year be­fore ex­tend­ing to 12 other prov­inces. The 12 prov­inces are Non­thaburi, Sa­mut Sakhon, Sa­mut Prakan, Sa­mut Songkhram, Nakhon Pathom, Ang Thong, Sing Buri, Suphan Buri, Chon Buri, Cha­cho­engsao, Nakhon Nayok and Saraburi. There is de­mand for 3 bil­lion coins in cir­cu­la­tion each year, but only 1 bil­lion are in cir­cu­la­tion and the de­part­ment must mint an ad­di­tional 2 bil­lion, said Mr Am­nuay. The mo­bile trucks are ex­pected to help the Trea­sury De­part­ment save 86 mil­lion baht a year mint­ing new coins, he said. Each of the de­part­ment’s mo­bile trucks has the ca­pac­ity to ex­change 30 mil­lion coins per year.

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