A statue depicting Mahatma Gandhi stands at the Ariana Park in Geneva, Switzerland. EPA/SALVATORE DI NOLFI
A statue depicting Mahatma Gandhi stands at the Ariana Park in Geneva, Switzerland. EPA/SALVATORE DI NOLFI
A statue depicting Mahatma Gandhi stands at the Ariana Park in Geneva, Switzerland. EPA/SALVATORE DI NOLFI
A statue depicting Mahatma Gandhi stands at the Ariana Park in Geneva, Switzerland. EPA/SALVATORE DI NOLFI

UK considering minting a coin to commemorate India's Mahatma Gandhi


Nicky Harley
  • English
  • Arabic

Britain is considering minting a coin to commemorate India's independence hero Mahatma Gandhi.

The UK Treasury announced the move on Saturday, amid growing interest in recognising the contributions of minorities.

He would be the first non-white person to feature on British currency.

British Finance Minister Rishi Sunak asked the Royal Mint Advisory Committee (RMAC) to pursue recognition of Black, Asian and other minority individuals, the Treasury said.

"RMAC is currently considering a coin to commemorate Gandhi", the UK Treasury said in an emailed statement.

In June a statue of Gandhi in London was defaced during Black Lives Matter protests.

Greatest Royal Rumble results

John Cena pinned Triple H in a singles match

Cedric Alexander retained the WWE Cruiserweight title against Kalisto

Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus

Jeff Hardy retained the United States title against Jinder Mahal

Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos

Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe

AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out

The Undertaker beats Rusev in a casket match

Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match

Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.