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REMINDER: Central Bank Decommissioning One Cent Coin This Month

Published: Thursday January 2nd, 2020


In January 2020, the Central Bank will cease the issuance of the one cent coin, and begin a process of removing the coin from circulation.

Decommissioning as legal tender would occur on 31st December 2020.

For the remainder of 2020, the Central Bank would embark upon a programme to redeem supplies of the one cent coin in active circulation.

A further 6-month window is authorised, during which the public will still be able to redeem the coins but not spend them.