Cryptocurrency Q&A
Do they use 1 & 2 cent coins in the Netherlands?
Do they use 1 & 2 cent coins in the Netherlands?
BlockchainWizardGuard
Sat Jun 15 2024
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7 answers
1696
I'm curious about the Netherlands' currency system. Could you clarify whether they still use 1 and 2 cent coins in their daily transactions? I've heard rumors that some countries have phased out smaller denominations due to practicality and cost considerations. Is this the case in the Netherlands, or do they continue to mint and use these smaller coins?
7 answers
Chiara
Mon Jun 17 2024
In the Netherlands, the use of 1 and 2 cent coins is nonexistent. This unique practice reflects the country's approach to currency handling, emphasizing simplicity and convenience.
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CryptoWanderer
Mon Jun 17 2024
In contrast, Germany adheres to a more traditional pricing system. When purchasing items priced at 3.99€, customers are expected to pay the exact amount.
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Matteo
Mon Jun 17 2024
However, in the Netherlands, such transactions are rounded up or down to the nearest whole euro. If an item costs 4.02€, it is rounded down to 4€, rather than being rounded up.
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HanjiArtist
Mon Jun 17 2024
This rounding practice is a convenient feature of cash transactions in the Netherlands. It simplifies the process of making payments and eliminates the need for handling small change.
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AltcoinExplorer
Sun Jun 16 2024
The absence of 1 and 2 cent coins also reflects the Netherlands' commitment to environmental sustainability. By eliminating these small coins, the country reduces waste and the environmental impact of coin production.
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