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Cabinet discuss phasing out coins

The Cabinet will discuss removing 1 and 2 cent coins from circulation this morning. The Central Ban...
TodayFM
TodayFM

6:22 AM - 16 Jun 2015



Cabinet discuss phasing out co...

News

Cabinet discuss phasing out coins

TodayFM
TodayFM

6:22 AM - 16 Jun 2015



The Cabinet will discuss removing 1 and 2 cent coins from circulation this morning.

The Central Bank wants to round all cash transactions to the nearest 5 cent - after a successful trial run in Wexford.

Five EU members have already dropped the 1 and 2 cent coins - which cost more to mint than they're worth.

Norma Smurfit is an organiser of Change for Charity - which is delighted by the news.

She hopes if the small coppers are phased out - that people will donate them to charity bins in banks across the country:



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