REVEALED: Here’s how much its costing Dartford and Gravesham’s car parks to get ready for the new £1 coins
PUBLISHED: 12:09 28 February 2017 | UPDATED: 12:09 28 February 2017
The new coin comes in next month
Councils have been forced to spend thousands of pounds to prepare for the introduction of a new £1 coin.
The new 12-sided coin, which enters circulation a month today, has been described as the “most secure coin in the world” by the Royal Mint.
The replacement has been introduced following fears that up to one in 30 current pound coins are counterfeit.
But despite being harder to forge, councils have been forced to delve into their own pockets to upgrade parking meters in preparation for the change.
Gravesham council will have to spend £8312 to upgrade the borough’s 42 parking meters.
Dartford Borough Council has the lesser spend at £6000.
Once the new coinage is introduced, the current pound coin will be cease to be legal tender in October.