The country is running out of small coins of 1c and 2c, which have already been abolished in neighbouring countries like the Netherlands.
The European Central Bank has already taken the decision to no longer produce the copper coins, which cost more to produce than their face-value. In countries like the Netherlands where they are no longer in circulation, prices of one to five cents are rounded down, while those of six to nine are rounded up.
According to the Central Bank, 1.6 billion of the coins have been produced, but they are not in circulation.
Most people, it appears, come home and use the coins to fill a jar or some other receptacle, effective removing the coins from circulation.
The Central Bank is now considering a collection action, by which customers would be encouraged to bring their old brown coins to the bank so as to return them to value and to circulation.
The Brussels Times
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