Tag: Small change
Why Is There A Shortage of Small Change in the Philippines?
The police found 50 million 1 peso coins in a warehouse in the Philippines, which have suffered from a shortage of small change for years. The central bank is calling for coin hoarding to be criminalised – but parliament passed such a bill in 2014. How come?
Summing Up the Issue With Rounding Cents
The EU Commission’s work program 2020 reveals plans to withdraw one- and two-euro cent coins from circulation. This came as a surprise to representatives of mints as there are serious concerns over the matter.