The two smallest Slovak euro coins might have a short life. For the first two months of circulation they haven’t had many fans. They are very unpopular with shopkeepers and bankers. They have just gone through a conflict regarding charges on the processing of coins which ended with a half-year prohibition on these fees. Now the shopkeepers and bankers share the same opinion: one and two euro-cent coins have to go. They do belong among the symbols of every Eurozone country but they are pointlessly expensive. Public discussion concerning the restriction of one and two-euro cent coins should start in the second half of the year. But first usage of the new currency has to stabilize. Slovakia, as a member of the European Currency Union, is not allowed to phase out its one and two-euro cent coins. They would be valid regardless, but it’s possible to limit their usage. The European Central Bank has no problems with this measure. “The habits of citizens from a particular country are their own, and ECB doesn’t have the right to say how Slovak citizens should use their bills and coins,” says an ECB statement. The Ministry of Finance has two variants ready for discussion on how these small coins should be taken out of circulation. By rounding total prices to five cents, this would make the smallest coins unnecessary. Final price adjustments would be then included in pricing laws. I Pg 66
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