Brexit: UK unveils new coin ahead of EU departure

Brexit: UK unveils new coin ahead of EU departure

- Chancellor Sajid Javid, who is also the minister of mint, has announced the new coin that will be commemorating the UK leaving the European Union

- The words "peace, prosperity and friendship with all nations" were inscribed on the new currency

- The new coin will be presented to Prime Minister Borris Johnson before the country finally leaves the union

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Britain through Chancellor Sajid Javid has unveiled a new coin, 50p, to mark it is leaving the European Union (EU) in a week’s time.

The chancellor held up the coin as he grinned. On the coin were inscribed the words “peace, prosperity and friendship with all nations”, Metro UK reports.

The same media reports that about three million coins have been injected into circulation since Friday, January 24, and another set of seven million will be minted later in the year.

Though Javid had earlier ordered a set of the coin with the date October 31, however, an extension of Brexit overran that as a million coins were melted.

The new coin has the new date January 31 minted on it. It should be noted that the idea to celebrate the historical exit with a coin was first mooted by former chancellor Phillip Hammond, who was said to have planned for only 10 000 coins.

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Another thing worthy of note is that though the previous date was changed, the planned inscription remains un-amended.

The new coin will also the date of the departure on it. Photo source: Metro UK

The new coin will also the date of the departure on it. Photo source: Metro UK
Source: UGC

The chancellor who also doubles as the master of mint will be presenting the coin to Prime Minister Boris Johnson.

The mint company always produces a commemorative coin. In 2012, currencies were minted to stand for the different sports played at the 2012 London Olympics.

The coin will be sold for £19.99 (N9,480.94) each for those who want to buy many.

Meanwhile, earlier reported that the United Kingdom's prime minister signed the much-awaited deal for the British government to leave the EU.

Based on the new agreement, the UK is to break economic ties with the EU starting from Friday, January 31.

Johnson described the move as one that will open a monumental and new chapter in the history of the nation.

He said: "The signing of the Withdrawal Agreement is a fantastic moment, which finally delivers the result of the 2016 referendum and brings to an end far too many years of argument and division."

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