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Bank wants us to spend €35m in small change

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The Central Bank has asked people to stop hoarding their small change

The Central Bank has asked people to stop hoarding their small change

The Central Bank has asked people to stop hoarding their small change

People are being urged to spend or donate their 1c and 2c coins coming up to Christmas as banks and shops are in short supply.

The Central Bank has asked people to stop hoarding their small change and get the money back in circulation.

An estimated €35m worth of 1c and 2c is currently in Ireland, three times the European average.

The high number of coins is being attributed to people stowing their unwanted change in jars and bottles.

The Central Bank estimates that there are currently 2.5 billion 1c and 2c coins in circulation, which is enough to go around the Irish coastline seven times.

The Change for Charity organisation has also urged people to donate their unwanted change ahead of Christmas, rather than hoarding them away.

hnews@herald.ie


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