Over 1 Billion Canadian Coins Went Out of Circulation During Lockdowns: Canadian Mint

Over 1 Billion Canadian Coins Went Out of Circulation During Lockdowns: Canadian Mint
A Canadian dollar coin is pictured in this illustration picture taken in Toronto January 23, 2015. Reuters/Mark Blinch/File Photo
Peter Wilson
Updated:
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Over a billion Canadian coins went out of circulation during COVID-19 lockdowns, says the Royal Canadian Mint, while noting the pandemic contributed to the economy’s shift away from cash.

“The pandemic unexpectedly caused the supply of recirculating coins to decline, which meant that fewer recirculating coins were available to meet coin demand,” read the Mint’s “Summary Of The Corporate Plan 2022-26,” as first reported by Blacklock’s Reporter.