Anna Coins: Transforming Currencies into Endowments

The initiative aims to utilise the cash and paper currencies it receives through its widespread piggy banks, using a specialised digital platform for selling "endowment coins."

Creative idea

This step comes in response to the diverse foreign currency contributions it receives, some of which are small denominations or scattered currencies that are difficult to exchange and transfer using traditional methods.

The department decided to transform these currencies into an effective and sustainable source of income by selling them to coin collectors, souvenir lovers, and charitable supporters who are keen to support endowment projects with a significant societal impact.

Every contribution matters

In this context, His Excellency Talib Al Marri, Director General of the Awqaf Department, stated that the initiative reflects the department’s belief that every contribution, no matter how small, can have a significant impact if placed within a sustainable investment framework. To date, the currencies of more than 104 countries have been classified and documented, following the stages of sorting, evaluation, and photography.

Al Marri added that the initiative aims to maximise the benefit from every contribution by directing the proceeds from the sale of the currencies to support various endowment projects, such as charitable endowments, feeding the poor, water supply endowments, averting calamities, and other areas of public benefit targeted by the department.

The Awqaf Department invites all those wishing to support this initiative and donate their currency to endowment work to contact the specialised team via WhatsApp at 0565046680, to coordinate the collection process with ease and smoothness.