Tuesday, 3 July 2012 11:30 AM

New Coins to be Introduced

This week, Solomon Islanders will be introduced to the much talked about coins.

The new coins will be officially unveiled by Prime Minister Gordon Darcy Lilo at a coin launch ceremony to be broadcast live by the Solomon Islands Broadcasting Corporation Thursday afternoon.

Central Bank Governor Denton Rarawa says the new coins will be made available the day after the official ceremony.

"Solomon Islanders can listen to the ceremony on radio or watch the ceremony on television on Wednesday and go out on Thursday to get their new coins," said Governor Rarawa.

Mr. Rarawa says the Central Bank undertook a national public consultation process last year and has worked closely with the Royal Australian Mint to produce the new coins.

Over the last few weeks, the Central bank has been distributing the new 10 cent, 20 cent, 50 cent, 1 dollar and 2 dollar coins to banks all around the country.

Governor Rarawa says people can swap their old coins for new ones as of July 5th.

The old coins will expire after December 31, 2012.