Seanad debates

Tuesday, 16 June 2015

2:30 pm

Photo of Catherine NooneCatherine Noone (Fine Gael) | Oireachtas source

I will get to my question. I just wanted to congratulate Senator Quinn who was involved in the original trial in Wexford which has resulted in the withdrawal of 1 cent and 2 cent coins nationwide. As I stated last week, it costs 1.7 cent to produce a 1 cent coin and this is not sustainable. Other countries such as the Netherlands, Sweden, Finland, Belgium and Hungary have already introduced the policy of rounding. This policy will be rolled out here in the coming months on a voluntary basis. The coins in question will remain legal tender. I welcome this development.

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