Spain currency changes as certain coins and notes to be phased out
Spain is set to follow Ireland's lead and phase out the use of certain coins. A proposal to eliminate the widespread use of 1c and 2c coins has been tabled by Spain, as well as other popular tourist spots such as Portugal, France, and Austria. Ireland already began rounding cash payments to the nearest 5c in 2015. Several other eurozone countries, including Italy, Slovenia, Belgium, and the Netherlands, have also stopped minting the coins. And it is becoming increasingly likely that the coins will be phased out across the eurozone, according to EuroWeekly. The European Central Bank also updates the notes and coins every few years with new designs and safety features, meaning the older coins naturally fall out of circulation. And as well as being bad news for the 1c and 2c coins, the days of the €500 note are also under threat. In 2016, the Bank of Spain and the ECB halted production of the €500 note, due to its association with criminal activity, and many shops in the country don't accept them. Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. If you’re curious, you can read our Privacy Notice. For all the latest news from Dublin and surrounding areas visit our homepage.
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