Royal Australian Mint wins award for Donation Dollar

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AWARD FOR DONATION DOLLAR AT INTERNATIONAL MONEY CONFERENCE

It’s official! The Royal Australian Mint is a global leader with a strong social conscience.

The Royal Australian Mint was announced as the Best CashTech award winner for its Donation Dollar Program at the CashTech Innovation Awards in Türkiye.

The CashTech Innovation Awards were held during the Future of Cash Conference in Istanbul from 6-8 November 2023. The Awards, organised by the independent French-based think tank CashEssentials, recognise innovations that facilitate access to and acceptance of cash.

The world-first Donation Dollar program – released in 2020 – aims to engage all Australians in a moment of generosity, prompted by a simple $1 coin. The intention behind the program is twofold: to promote charitable behaviour and to provide a tangible, accessible way for people (who have the means to) to enjoy the benefit of giving a small amount more frequently.

The Assistant Minister for Treasury, Competition and Charities, The Hon. Dr Andrew Leigh said the Donation Dollar serves as a great reminder for all Australians.

“By reminding Australians of how good it can be to give to those in need the Donation Dollar is helping to build a more reconnected Australia.

“When we donate to others, we experience the well-known ‘helper’s high’ – the joy that comes from assisting others. It’s great to see the Mint’s Donation Dollar getting this kind of international recognition,” Dr Leigh said. 

Royal Australian Mint CEO Leigh Gordon said one Donation Dollar had been minted for every Australian as a reminder of the importance of giving back.

“The Donation Dollar is an example of where an innovation can inspire additional behaviours and the importance that cash can inject into the community.

“The number of people that have been inspired to make a donation by coming across a Donation Dollar far exceeds the value of that dollar,” Mr Gordon said.

Donation Dollars have been distributed through the banks since September 2020 with an estimated six million currently in circulation. The coin is designed to be instantly recognisable with the words ‘Give to Help Others’ and a green centre with a gold ripple design emanating from the centre, symbolising the ongoing impact each donation dollar makes to those who need it most.

After being released, the Donation Dollar generated an additional $55m in incremental charitable giving, which will increase in future years.

About the Royal Australian Mint

The Royal Australian Mint tells the stories of Australia through our collectible coin programs. These collectible coins have special designs that mark events, people, flora and fauna, or organisations which have significantly impacted Australia.

The Mint is an award-winning, world class Mint and a global leader in the mint industry. The Mint produces circulating coins for Australia and other countries; collectible and investment coins for domestic and international customers; and custom-made medals, medallions and tokens for individual or corporate clients.

The Mint is also a national cultural attraction that educates millions of Australians and international visitors on the history of Australia’s decimal currency, and the significance and value of coins.