Wednesday July 15, 2020

Central Bank welcomes plan to round 1c and 2c coins

16th June, 2015
Six EU countries have already implemented the rounding policy

The Government’s decision to round up one and two cent coins following a trial conducted in Wexford has been welcomed by the Central Bank.

The bank said it will assume responsibility for the project. One and two cent coins will remain legal tender and the rounding up will be conducted on a voluntary basis, the bank said.

Bills will be rounded up or down to the nearest five cents and the system will...

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