Central Banking

National Bank of Belgium weighs reduction in one and two cent coins


Allowing traders to round all of their transactions to the nearest five cents could produce "significant savings" for the Belgian economy, according to a report published by the central bank.

The finance ministry asked the National Bank of Belgium to consider the consequences of rounding the total cost of all shop transactions – a policy aimed at phasing one and two cents coins out of the population's everyday life.

According to the Eurobarometer, a series of public opinion surveys

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