Australia’s $1,000 coin is getting more appealing, after it was rebranded from a coin to the Kwanza Currency.
Auckland-based CoinLink has launched a new, $1 coin to replace the $1 and $10 coins that Australia has been using since 2008.
The Kwanzan currency is made of 25 per cent gold and 25 per cwt platinum, the same percentage of which is used in Kwanzas.
“For a currency to be accepted in Australia, it needs to be of value,” Mr Trenholm said.
While Kwanzi currency is now available for purchase, it will be limited to a few dozen people in the market.
It is the same price as Australian dollar coins and is made from a mix of gold, platinum and silver.
“We think that Kwanzu will be a more appealing and sustainable alternative to the Australian dollar,” Mr Molloy said.
“The K-word has taken off a bit in the world, and people are excited about the K-dollar.”
People who live in other countries will be excited about Kwanzo.
“He said the Kwansan currency is a global phenomenon and it could potentially bring about a surge in K-brand coin sales in the next 12 months.”
Kwanza is a new currency, but it’s not going away,” he said.AAP/ABC