AUSTRALIA has launched a world first ‘Donation Dollar’, a single dollar coin designed to be given to those in need.
The Royal Australia Minster will progressively circulate 25 million of the dollar coins, one for every Australian, over the coming years.
Minister for Housing and Assistant Treasurer Michael Sukkar said the coins are designed to remind Australians that any time is a good time to donate to causes they are passionate about.
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“Australians are renowned for their generosity and lending a hand to those in need,” Minister Sukkar said.
“The Mint’s new Donation Dollar is designed to be an easy and accessible way for Australians to enjoy the benefit of giving small amounts more frequently.”
“The Donation Dollar can be spent like any other $1 coin, but when donated makes an on-going impact on the lives of Australian’s in need.”
It’s estimated charitable giving in Australia will decrease by 18 per cent over the next two years as a result of global pandemic.
In the lead up to the International Day of Charity on 5 September, Assistant Minister for Charities Zed Seselja said it was a timely reminder of the challenges our community is facing during this crisis.
“This year we know there are many Australians doing it tough and Australia’s 57,000 charities and not-for-profits have not been immune to these economic challenges,” Assistant Minister Seselja said.
“While we continue to face the challenge of COVID-19 pandemic together, the Donation Dollar is a long-term idea we hope continues to provide a simple reminder to Australians that if you are in a position to donate it, please do so.”