{"id":31039,"date":"2024-10-31T14:00:00","date_gmt":"2024-10-31T14:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4544922_AE44922_0"},"modified":"2024-10-31T14:00:00","modified_gmt":"2024-10-31T14:00:00","slug":"royal-canadian-mint-wins-two-international-association-of-currency-affairs-2024-excellence-in-currency-awards","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=31039","title":{"rendered":"ROYAL CANADIAN MINT WINS TWO INTERNATIONAL ASSOCIATION OF CURRENCY AFFAIRS’ 2024 EXCELLENCE IN CURRENCY AWARDS"},"content":{"rendered":"

The Mint earns coveted industry recognition for the world’s first double-sided colour circulation <\/i>coin for the Central Bank of the Bahamas<\/span> and its environmentally responsible <\/i>bronze plating process<\/i><\/p>\n

OTTAWA, ON<\/span><\/span>, Oct. 31, 2024<\/span><\/span> \/PRNewswire\/ — The Royal Canadian Mint is delighted to have won two prestigious Excellence in Currency awards at the International Association of Currency Affairs’ (IACA) 2024 Coin Conference in Lisbon, Portugal<\/span>. The Mint was first recognized alongside the Central Bank of The Bahamas<\/span> with the Best New Commemorative or Test Circulating Coin<\/i> award for a world-first circulation coin featuring high-resolution colour on both the obverse and reverse of a coin marking the central bank’s 50th<\/sup> anniversary. As well, the Mint’s new, environmentally responsible process for plating bronze-coloured circulation coins earned the Best new coin product, process or manufacturing innovation<\/i> award.<\/p>\n

“The Royal Canadian Mint is dedicated to advancing the art and science of coin manufacturing, not just for Canada<\/span> and Canadians, but also for the benefit of the global currency industry,” said Marie Lemay<\/span>, President and CEO of the Royal Canadian Mint. “To be recognized in two award categories by IACA is a tremendous peer endorsement of our pursuit of innovation, which delivers great value for circulation coin users around the world and helps us find more caring and sustainable ways to produce our industry-leading products.”<\/p>\n

The 2024-dated 25-cent<\/span> circulation coin celebrates the 50th<\/sup> anniversary of the Central Bank of The Bahamas<\/span>. It was produced in collaboration with the Royal Canadian Mint, that applied its proprietary colour pad-printing technology to both sides of this ground-breaking coin.  The obverse features the Coat of Arms of The Bahamas<\/span> together with the words “Commonwealth of The Bahamas<\/span>” which forms a crown around the Coat of Arms. Elements of the Coat of Arms are painted blue, white, pink, and green, highlighting the blue marlin, flamingo, and conch shell. On the reverse is a rendering of a native sloop, infused with red, white, and brown paint, in sea painted blue, near an island, accompanied by the inscriptions “THE CENTRAL BANK OF THE BAHAMAS<\/span>“, “50th ANNIVERSARY 1974-2024”. In addition to entering general circulation on June 3, 2024<\/span>, this coin was also made available to collectors in custom packaging.<\/p>\n

The Mint also developed and successfully scaled up a new electroplating process that is transforming the manufacturing of bronze plated circulation products by eliminating the use of cyanide required in traditional plating as well as harsh chemicals needed to treat waste water to municipal standards, and improving employee health and safety. The Mint’s new chemistry safely and reliably produces plated materials for both bronze mono-colour coins, as well as bi- or tri-metallic coins typically used for higher denominations.<\/p>\n

The Excellence in Currency Awards were introduced by IACA in 2007 to promote and recognise excellence in currency issue, production, processing, management and distribution. The Mint is proud to have been recognized through several previous awards, most recently:<\/p>\n