Ever get sick of having a load of change, made up primarily of one and two cent coins?
Well that could be a think of the past – in Dundalk, at least.
The town is in the running to be chosen to pilot a new Central Bank scheme aimed at removing the smaller coins from circulation.
In their National Payments Plan report, the Central Bank found that one and two cent coins are not actively used and are expensive to mint.
In other countries such as the Netherlands and Finland, the rounding rule is used to either lower or increase a bill to the nearest five cents.
The NPP has recommended that a pilot of the rounding rule be used in a mid-sized Irish town to investigate consumer and merchant reaction to it. Dundalk is one of three towns being considered, along with Drogheda and Bray.
Source: Plan could see one and two cent coins phased out (The Irish Times)
Talk of the Town 