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Dutch and Belgians to scrap small change

The Netherlands and Belgium have indicated they will soon scrap the one and two cents euro coins which apparently serve only to annoy both consumers and shop owners.

In the Netherlands, retail and consumer organisations, banks and the Dutch Central Bank have agreed upon an abolition of the coins from 1 September, according to Dutch media yesterday (1 July).

Prices will be rounded up or down to the nearest five cents.

It is a voluntary measure, but up to 90 percent of shop...

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