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BOJ moves to increase supply of one dollar coins

The Bank of Jamaica is moving to increase the supply of one dollar coins.
 
Cabinet has approved a contract to the Mint of Finland for the provision of 51 million pieces of one dollar coins.
 
According to a Ministry Paper tabled in the House of Representatives on Tuesday, the issue of one dollar coins has significantly outpaced redemptions.
 
It is estimated that the supply of re-issue coins along with the stock of new coins will not be able to satisfy the expected demand this year and in the future.
 


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