After releasing many interesting postage stamps for collectors all over the world for decades, Iceland Post will stop issuing more stamps in 2020 due to major losses. Increasing operational cost has forced the organisation to lay off several employees. According to senior officials, Iceland Post has been losing tens of millions annually to sustain itself and the decision has been taken to cut costs.
Stamp lovers and hobbyists have promoted Icelandic postage stamps but the sales have declined considerably over the years. The final few planned releases will continue until 2021. Issuance of postage stamps will stop after that. Officials stated that Iceland Post already has a big stock of unused postage stamps which will be sold until they last. Only after all the stamps and postcards are sold, new ones will be re-printed.
Iceland Post will also officially stop distributing by the end of 2019. A service agreement will soon be finalised with Icelandic authorities. If government authorities feel that postage stamps are important to showcase the country's cultures, then Iceland Post will start publication on a condition that the state would bear costs incurred.
Image Courtesy: Iceland Post
Navy Day is celebrated annually on December 4th to honor the Indian Navy's contributions and accompl...
Timur Shah Durrani was the second eldest son of Ahmad Shah Durrani and the second ruler of the Afgha...
Ram Singh II was the maharaja of Princely State Jaipur between 1835 and 1880. Throughout his reign, ...
Philip III Arrhidaios ruled the ancient Greek kingdom of Macedonia from 323 until his execution in 3...
On This Day in 1832, Louisa May Alcott a novelist and short story writer was born in Philadelphia. ...
Thank you for visiting our website and for your interest in our endeavour.
For a past few days we have been recieving queries whether we buy/sell coins, stamps and currency.
We would like to inform you that, as of date, we have not provided such a platform. However please register on our website and do keep visiting our portal for further notifications on such a forum and other important and exciting news/updates.
Happy Collecting !
Email: info@mintageworld.com
Contact Us