Notice – 5 Cent Coin

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No decision has been made regarding the continued issuance and subsequent demonetisation of the 5-cent coin. This is however, under consideration as a cost saving initiative for the country given the cost to produce the 5 cent coin (about 24 cents each); this is similar to the experience with the 1 cent coin, which, at the time that the Bank stopped issuing it in 2017 was costing 21 cents each to produce.

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