Plans to phase out one and two cent coins – A new work programme by the European Commission has included plans to phase out one and two cent coins across the eurozone. The plan was first put forward in 2013 and has now been raised again by the President of the European Commission and is one of numerous initiatives to cut bureaucracy and save money.
The French treasury is considering European plans to phase out one and two-cent coins in the coming years.
Eurozone countries are increasingly adopting rounding policies. In Belgium rounding has been compulsory for all cash payments since December 1st, 2019.
The European Commission has recommended that all governments prevent “non-essential” travel to the Provence Alpes Côte d’Azur region in an attempt to ... Read More