5 Apr 2011

Samoa to get new and more coins

6:51 pm on 5 April 2011

Samoa is to replace its two tala note with a coin.

The Central Bank of Samoa also plans to reduce the size of the 10, 20 and 50 sene coins, and the one tala coin.

The bank's manager banking and corporate services, Malaeoali'i So'otala Pua, says the cost of copper, aluminium and nickel has prompted the change.

He says it'll save Samoa a lot of money.

Mr Pua told the Samoa Observer the new coins should be in circulation by the end of this year.

The Central Bank is also stopping the minting of 1, 2 and 5 sene coins because they are rarely used now.

The designs for the new coins have yet to be finalised but the Head of State, Tui Atua Tupua Tamasese Efi, will appear on one side of each coin.