Press Release: Netherlands: The Netherlands introduce the ’rounding rule’

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Series Details 01.07.2004
Publication Date 01/07/2004
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The introduction of the rounding rule will lead to a reduction in the circulation of 1- and 2-euro cent coins in the Netherlands. The coins will not be abolished, but remain legal tender, as the abolition of these coins is a European matter. Research done during the duration of the pilot shows that 83% of consumers is either in favour of (65%) or neutral (18%) towards rounding rule. The percentage of consumers against the rounding rule decreased by 50% a month after the start of the pilot, from 32% against to 16% against. 95% of the retailers are in favour

Source Link http://www.dnb.nl/en/news-and-publications/news-and-archive/persberichten-2004/auto35153.jsp
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