CASH CASE: The little one goes to history, prices are rounded off

From 1 January 2018, the Italians will no longer use coin of one to two cents, he decided on Saturday the parliamentary finance committee

Withdrawal of tiny coins will result in annual savings of around 20,000 euros.

The National Agency Ansa recalls that since the introduction of the euro in 2004 the Italian government spent millions on the production of tiny coins and that thanks to this move all prices in Italy will be rounded to the nearest zero to zero or five cents. And other EU members, including Germany, consider abolishing one to two cent coins.

In Belgium, Finland, the Netherlands and Ireland, prices are often rounded up to avoid the use of tiny coins, even though they still exist as legal tender.

• 29 May, 2017
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