Banks on the Island will continue to accept UK round pound coins, despite them being phased out in the UK this week.
Bill Henderson MLC says the coins won't be worthless here after the deadline passes in the UK.
The coins are being replaced by a new 12-sided coin, but Mr Henderson it won't affect businesses on the Island.
He says even if some shops don't accept the coins, the Island's banks will continue to do so for the forseeable future.
Still time to get child flu vaccinations, says Manx Care
Council applies for football pitch work permission
Southern 100 pays tribute to club stalwart
Pet owners warned after cats poisoned in Braddan
New egaming site takes bets on social media influencers
New Laxey flood defences being looked at
Could airport reopening mean return of Doncaster flights?
Test centre festive closure dates announced