Tynwald has authorised an increase in the limit of the amount of Manx currency that Treasury is permitted to issue.
It won’t necessarily issue currency up to that limit, and not straight away, so there will be no sudden injection of new currency, though.
The new limit for notes is ?90 million (previously ?70 million) and for coins the new limit is ?20 million (previously ?15 million).
Treasury Minister Eddie Teare says there has been a continual increase in the number of Manx notes and coins in circulation over recent years and before long the current maximum face value of ?85 million won't be sufficient for the Island's needs:Clip 1
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