Antti Heinonen
Chairman of the Banknote Ethics Initiative and Former Director, Banknotes of the ECB
Friday, August 29, 2025
Categories
Studies, Reports
Global Developments in Coins v Banknotes
We have recently read that the US Treasury has confirmed that the production of US one cent coins will stop once the stocks of blanks have been used up. Respectively, on the other side of the Atlantic, the German National Cash Forum advocates rounding up or down to the nearest 5 euro cent for cash payments in Germany.
It even proposes that the rounding rule (applied from the beginning in Finland) should be applied across Europe as uniformly as possible. Cash means both notes and coins. Therefore, the monitoring of both is important to the future of cash.
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