Estonia to adopt ‘rounding rule’ for cash payments
Central bank to phase out one and two euro cent coins as they are “too expensive to produce and handle”
Estonia is to become the seventh country to phase out one and two euro cent coins after its parliament approved a law to round cash payments to the nearest five or zero.
The Bank of Estonia on August 5 launched a new frequently asked questions portal about the rounding rule for merchants. The Baltic state will follow Belgium, Finland, Ireland, Italy, the Netherlands and Slovakia in adopting the change.
Merchants will still be allowed to set prices freely and the change will not affect those paying
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