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[THE INVESTOR] The Bank of Korea said on June 21 it has collected more than 260 million dormant coins to turn them back into circulation.
The central bank started the recollection campaign in May and people turned in some 267 million coins, worth 36.7 billion won (US$31.64 million), to convert them into banknotes.
The result marks a 1.9 percent increase in the number of reclaimed coins from last year’s campaign, and a 1.4 percent rise in their combined value.
BOK is making a big push to turn the country into a coinless society where small change will be exchanged online instead of in coins.
(theinvestor@heraldcorp.com)
The central bank started the recollection campaign in May and people turned in some 267 million coins, worth 36.7 billion won (US$31.64 million), to convert them into banknotes.
The result marks a 1.9 percent increase in the number of reclaimed coins from last year’s campaign, and a 1.4 percent rise in their combined value.
BOK is making a big push to turn the country into a coinless society where small change will be exchanged online instead of in coins.
(theinvestor@heraldcorp.com)
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Articles by Korea Herald
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