Not a red eurocent? Ireland to scrap cost-inefficient small coins – report

‘The Irish government is reportedly planning to give up on national circulation of one- and two-cent coins, as minting them costs more than they are worth.

The Irish Cabinet is set to discuss the withdrawal of the small coins with a helping hand from Finance Minister Michael Noonan on Tuesday, government sources told Irish Independent.

Five EU member states – the Netherlands, Sweden, Finland, Denmark and Hungary – have already adopted similar measures.’

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