The 1 and 2 cent Euro coins are utterly worthless, so it’s no huge surprise that Italy has decided to stop minting them.
The move means all prices in Italy will be rounded to the nearest 5 cents.
Italians were receiving the small copper coins as change but were not spending them, claimed Sergio Boccadutri, the member of the ruling center-left Democratic Party who proposed the measure.
The coins are not accepted by parking meters, vending machines or toll booths, he told national business daily Il Sole 24 Ore. He said they were often left in drawers at home, abandoned in car doors or left at the supermarket checkouts to avoid cluttering pockets.
The Italians join Belgium, the Netherlands, Finland and Ireland in getting rid of this shrapnel and it’s a good thing too. These coins are utterly worthless and really ought to be scrapped across the whole of the Eurozone.