Govt to decide on future of 1c and 2c coins

Friday 19 July 2013 22.13
A pilot scheme to phase out one and two cent coins will begin in Wexford town
A pilot scheme to phase out one and two cent coins will begin in Wexford town

The Government is expected to decide in early 2014 whether to remove one and two cent coins from circulation nationwide.

A pilot scheme will begin in Wexford town later this year in which prices in local shops will be rounded up or down to limit the use of one and two cent coins.

Speaking on RTÉ's Morning Ireland, Central Bank National Payments Plan project manager Ronnie O'Toole said a report on the Wexford trial would be sent to Government later this year.

Under the trial, prices can be rounded up or down but this will only apply to purchases of packages of goods rather than of single items.

It was a matter for the Government whether to roll the plan out nationally, Mr O'Toole said.

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