Tag: Coins

Estonia: Swedish rounding introduced for cash payments

Via BalticaJanuary 6, 202501 mins

Estonia has implemented a new rounding rule for cash payments as of 1 January 2025, The Baltic Guide reports. Under the new “Swedish rounding” rule, the final cash transaction totals will be rounded to the nearest five cents, reducing the need for one and two cent coins. The coins will still remain legal tender, however….

Estonia: Central bank to stop minting one, two-cent coins

Via BalticaSeptember 20, 202401 mins

Estonia’s central bank, the Bank of Estonia, will stop ordering one and two-cent coins as of 2025, ERR reports. Under new rounding rules, cash transactions will be rounded to the nearest five cents. Rait Roosve, head of the Bank of Estonia’s cash and payment systems department, noted that the smallest coins were seldom used for…

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Coins

Estonia: Swedish rounding introduced for cash payments

Estonia: Central bank to stop minting one, two-cent coins