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From January 1, 2025, Estonia will implement a new rounding rule for cash payments, eliminating the need for one and two-cent coins in everyday shopping. Final cash transaction totals will now be rounded to the nearest five cents, reducing reliance on one and two cent coins.<\/p>\n
The Bank of Estonia has introduced a measure to curb the circulation of one and two-cent coins, which are rarely used in transactions and seldom returned to banks. Estonia joins six other eurozone countries with similar policies, while Lithuania will follow suit in May 2025.<\/p>\n
The rounding applies only to the total price of cash purchases, with individual item prices unaffected. Payments made by bank card or other non-cash methods will remain exact to the cent. Importantly, one and two-cent coins will remain legal tender, ensuring customers can still use them if desired.<\/p>\n
Retailers must update their systems to comply with the law and inform customers about the changes. The move is expected to simplify cash handling, reduce costs for merchants, and improve transaction efficiency.<\/p>\n