The Minister of Finance, the Hon Mark Brown, will shortly be arriving in Australia to officially strike the Cook Islands’ new circulating coins to be released later this year.
In August 2013, Minister Brown announced that the Government will launch a set of new coins to celebrate the 50th anniversary of Cook Islands self government on 4 August 2015.
On 4 March 2015, Minister Brown will officially start production of each of the six denominations of the Cook Islands’ new coins in a ceremony at the Royal Australian Mint in Canberra.
Minister Brown will be accompanied by the Secretary of the Ministry of Finance and Economic Management (MFEM) Mr Richard Neves. MFEM will be responsible for delivering the Cook Islands’ coinage reform and managing the process of distributing new coins and withdrawing old coins from circulation.
“From August this year, Cook Islanders will have shining new coins with much-loved Cook Islands designs that they can use every day with pride,” said Minister Brown.
The new coins will be smaller, lighter and made of modern materials.
There will be six new coins: 10 cents, 20 cents, 50 cents, $1, $2 and $5.
The 10 cent, 20 cent and 50 cent coins will be made of nickel plated steel and will be silver in colour.
The $1, $2 and $5 coins will be made of aluminium bronze and will be gold in colour.
The obverse of all coins will feature the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II.
The reverse designs of most existing coins will be retained. A new look will be introduced for the $5 coin which will feature a Vaka.
All coin designs will be released in conjunction with a public awareness campaign to be launched mid-year. More information will be provided regarding the public awareness campaign closer to the time of the official launch.