Round UK pound being phased out later this year
The Isle of Man will not being changing the shape of it's pound coins despite plans in the UK to introduce a new 12-sided design in March.
That's according to member of the Treasury, MHK Ralph Peake.
He says the Island will retain its existing coins but Treasury will monitor the situation in the UK and may follow suit in the future.
The round pound will no longer be accepted in shops across the UK from October this year, but can still be exchanged at banks.
Mr Peake says the new UK coins won't cause any disruption to existing currency on the Island:
Rising UK mortgage rates unlikely to be reflected in the Isle of Man says local advisor
RGS holds 'simple lockdown drill'
Publish date of Island housing study still not known
Port Erin man appears in court over hidden camera allegations
Peel Commissioners says it will be objecting to the North and West Area Plan
Bishop's vote Bill goes to LegCo
