New £1.00 coin is due in March - reminder

As previously reported, a new £1.00 12 sided bimetallic coin is planned to be introduced in next month.

The Government has been encouraging industry to prepare for this and a Treasury website dedicated to such preparation and with further detail can be found here: http://www.thenewpoundcoin.com/

All machines which accept cash for example will need updating and it is intended that after a 6 month transition period, the existing £1.00 coin will be phased out.