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News from Swale Safe


The £1 coin is shortly to be withdrawn
 
Spend your pounds!

It’s time to raid your piggy banks and sofa cushions.

The current pound coin has only 6 months left before it becomes worthless.

The old coins will cease to be legal tender on 15th October.

The new coin is being introduced next month from the 28th March.
It is a 12-sided coin and apparently extremely difficult to counterfeit.

The Chief Secretary to the Treasury has said "the public need to be aware of the October deadline because it is estimated £1.3billion in loose change is sitting around in jars in homes across the country and around £400million of that is thought to be £1 coins."