The position of certain Countries
Like six other European countries, Ireland will waive the use of 1 and 2 cent euro coins from 28 October 2015.
Ireland was added to the list. After Belgium, Denmark, Finland, Hungary, the Netherlands and Sweden, the country has decided to withdraw 1 and 2 euro cent coins from circulation, as The Guardian reveals on 19 October 2015.
It is the city of Wexford (South-East of the country) that has experienced life without cents. Successfully. 85% of consumers were satisfied with this elimination. This proportion rises to 100% for merchants.
While the State intends to remove these parts, their use remains legal. Consumers will still be free to pay or request their exact exchange. In addition, payment by bank card and cheque is not affected by this change since it will remain to the nearest cent.
All the countries that decided to remove these coins from circulation did so for the same reasons. With a real economy. In 2012, Canada saved nearly 11 million euros by removing the one-cent Canadian dollar coin. No figures are available for European countries but since its entry into the euro area in 2004 and its parallel refusal to adopt these cents, Finland has never decided to reverse this decision.
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