Written question asked by Nigel Evans (Conservative) on Tuesday, 24 February 2004, in the House of Commons. It was due for an answer on Monday, 1 March 2004. It was answered by Ruth Kelly (Labour) on Monday, 1 March 2004 on behalf of the Treasury.
Treasury
- Question
- To ask Mr Chancellor of the Exchequer, what steps are being taken to reduce the number of counterfeit £1 coins in circulation.
- Answer
-
Mr. Evans: To ask the Chancellor of the Exchequer what steps are being taken to reduce the number of counterfeit £1 coins in circulation. [156989] Ruth Kelly: The only effective action HM Treasury and the Royal Mint could take is to replace the £1 coin. Any level of counterfeiting must be a matter of concern but, given the Royal Mint's recent estimate of the incidence of £1 counterfeit coins to be less than 1 per cent. and anecdotal evidence from cash handlers suggesting a figure even less than this, this is considered to be well within the level generally tolerated by monetary authorities across the world and does not provide a value for money case for replacing the £1 coin.
Secondary information
- Type
- Written question
- Reference
- 418 c687W;418 c707W; 156989
- Session
- 2003-04
- Subjects
- Coinage Forgery
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-25 10:16:15 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_957093
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