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Cash rounding [1] [2] or Swedish rounding (New Zealand English ... Belgium: 2019 onwards [7] Starting 1 December 2019 cash payments (payable of at least 5 cents) must ...
In Belgium, rounding has been common practice since 2014; by law, rounding has been obligatory for cash purchases since 1 December 2019. [57] For payments with debit or credit cards, the merchant can choose whether to apply rounding but has to inform the client beforehand. [58]
However, due to the cost of maintaining a circulation of low-value coins by business and the mints, Belgium, Estonia, Finland, Ireland, Italy, the Netherlands and Slovakia round prices to the nearest five cent (Swedish rounding) if paying by cash, while producing only a handful of those coins for collectors, rather than general circulation. [4]
And in January, Estonia became the latest E.U. nation—joining Finland, the Netherlands, Ireland, Italy, Belgium, and Slovakia—to phase out the use of one- and two-cent Euro coins by rounding ...
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month. 4.78 tons of cocaine, $193,000 in cash found in shipping containers ...
However, due to the cost to business and the mints of maintaining a circulation of low value coins, Belgium, Estonia, Finland, Ireland, Italy, the Netherlands and Slovakia round prices to the nearest five cent (Swedish rounding) for cash payments, producing only a handful of those coins for collectors rather than general circulation. [3]
BRUSSELS (Reuters) -European Union foreign policy chief Josep Borrell said on Tuesday he will propose that the EU uses 90 percent of the revenues from Russian assets frozen in Europe to buy arms ...
If the law is passed, cash transactions will be rounded to the nearest 5 euro cents. [1] Currently, the proposed law, if passed, should take effect in January 2022. My aim is to keep this here as reference for both the table on this page and the one on the page on cash rounding to be augmented by me or someone else if and when this happens.