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In 2017 England will introduce a new £1 coin, replacing the current one which is already 33 years old. The announcement in 2014 of the new £1, raised some concerns in different industries about possible adjustments resulting from this change. The ministry of Finances dismissed most by assuring as many factors as possible have been taken in consideration to avoid unnecessary extra costs.

 

Read more: Inepro’s payment solutions and the new £1