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’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…
Half of Latvia’s population think that adopting the euro in 2014 was a good idea, according to a Norstat poll for LSM. The survey showed that 51% of Latvian residents believe that switching to the EU’s official currency was a good decision. Younger individuals were more likely to support the euro, while the more elderly…