You Can Still Utilize Cents
Yes, it is true government decided to stop making 1 and 2 cents coins, but those remain a legal tender. Most shops are not rounding up their prices as yet and as a customer you are entitled to seek the correct change after making a purchase. According to Irish Times, some 2,454,465,931 1 cent and 2 cent coins have been issued in Ireland since the introduction of the euro, with a total value of €37 million.
Here is the breakdown of the rounding off, but would this actually happen?
- A transaction of €10.21 or €10.22 will be rounded to €10.20
- A transaction of €10.23 or €10.24 will be rounded to €10.25
- A transaction of €10.26 or €10.27 will be rounded to €10.25
- A transaction of €10.28 or €10.29 will be rounded to €10.30
Interestingly, it is happening, but not many noticed the changes. Well, we value the receipts and already wrote about why receipts are not a worthless piece of paper and can actually make you cash, but here is something we noticed, see below.
So next time you are in the shop, have a look at your receipts. You might or might not notice something.
Happy shopping and Happy Saving!