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Royal Mint to stop making these coins as demand for cash falls

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reports.It comes as a new report shows the coins were used in less than three in 10 transactions last year, compared to six in 10 a decade ago.Get the latest updates from across Greater Manchester direct to your inbox with the free MEN newsletterYou can sign up very simply by following the instructions hereThe National Audit Office (NAO), which carried out the report, said the coronavirus outbreak may have accelerated the trend as customers were encouraged to make contactless payments.Coin manufacturing has been reduced by 65 per cent by the Royal Mint as stocks of every coin in circulation are exceeding targets.The Royal Mint says it is now sitting on "26 times more £2 coins than the public need".

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