Usage of 1 Cent and 2 Cent Coins
Finnish businesses and banks have employed a method known as "Swedish rounding" when tallying sums. Due in large part to the inefficiency of producing and accepting the 1 cent and 2 cent coins, Finland has opted to remove these coins from general circulation in order to offset the cost involved in accepting them.
While individual prices are still shown and summed up with € 0.01 precision, the total sum is then rounded to the nearest € 0.05 when paying with cash. Sums ending in € 0.01, € 0.02, € 0.06 and € 0.07 are rounded down to the nearest 5 cents; sums ending in € 0.03, € 0.04, € 0.08 and € 0.09 are rounded up to the nearest 5 cents.
The 1 cent and 2 cent coins are legal tender and are minted for collector sets as required by the EMU agreement.
When paying in cash in Finland, while by law a shopkeeper should accept the coins, usually they will decline, and ask for higher denominations to match the Swedish rounding, even when presented with exact change.
Read more about this topic: Finnish Euro Coins
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