The Australian co‐operative sector received global recognition on the closing day of Cancun proceedings for its work in promoting UN International Year of Co‐operatives, during the presentation of a national commemorative $1 coin to the global head of the co‐operative movement, Dame Pauline Green.
Dame Pauline, President of the International Co‐operative Alliance (ICA), received the golden coin from Colin Heavyside, chairman of Capricorn Society, the ICA’s first member in Australia and the founding supporter of Australia’s international year campaign, at an official ceremony at the ICA’s General Assembly and conference in Cancun, Mexico.
The coin was produced by The Royal Australian Mint in partnership with the Australian International Year of Co-operatives secretariat. Its building blocks design represents the role that co‐operatives play in sustaining populations which might otherwise struggle in a fast‐paced global economy.
Australia is the only nation to have produced a national commemorative coin celebrating International Year of Co-operatives 2012. It has also produced a commemorative stamp.