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Tag Archives: 1 cent

Old coins needed to help charities

With this week’s decision to withdraw the one and two cent coins from circulation, Clare families have been asked to donate all such loose change to charity. It is estimated that there is €35 million of these coins in homes and workplaces all over the country. A number of national charities, including umbrella group, Change for Charity and Make-A-Wish have already launched appeals but it is expected that local charities and community groups will be making their own pitch in the weeks ahead. Finance Minister, Michael Noonan received formal Dáil backing Central Bank’s National Payments Plan recommending the roll out nationally of the “rounding project” so as to reduce the need for one and two cent coins. The introduction of the plan comes following the overwhelming success of a nine-week project in Wexford in 2013, where transactions were rounded up or down to the nearest five cent. Some 250 businesses in the town participated in the project, everyone from supermarkets …

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