NEW COINS

Wanganui Chronicle, Volume LXXXIII, Issue 19847, 23 May 1927, Page 8

NEW COINS

THE MONEY MARKET ISSUES FROM EUEOPEAN MINTS. Europe has become familiar with several new coins in the last three years, states the New York Times. In most cases they have been issued to replace paper money made worthless by war deflation. In 1924 Austria issued the schilling. Hamburg and Bremen now have their own money, and even went so far as to change the name to dollars. Latvia brought forth the kat, Lithuania the lit, Poland the zloty, and Esthonia the estmark. Iceland entered the market with the aurar. A new 200 piastre and a new 500 piastre piece was issued by Egypt. Czechoslovakia, on her feet financially, returned the ducat to circulation, and Danzig the gulden.

I* 1925 the British Government decided that Palestine should return to its own money. Shekels, dinars, and prutahs will again be issued after a lapse of 1800 years. Ireland will pay homage to her ancient kings with coins bearing their stamps, SLane O’Neill, King Sihtrie, and Brian Boru being among the first to be honoured. The latest country to join the ranks of new coin issuers is Hungary. The pen go, that country’s new piece, is equal in value to 12,500 paper crowns. The publishers and printers of Hungary profited by the issuance of the new valuta, because, as it is not translatable into round sums of crowns, a demand arose for printed pamphlets, folders, and cards bearing tables of the scale of value.