Es-cent-ial Guide to Rounding

Posted on by Orla Fitzpatrick
1c 2c 5c - Rounding

Here’s a less charmingly titled article as a mild follow up to our last post on the Rounding scheme being rolled out on 28 October.

The Central Bank has released a quick guide as an overview of what’s happening in October with the Rounding initiative to slowly reduce the use of 1c and 2c pieces. Here’s a prettier PDF for all your prettier PDF needs.

The guide clears up a couple of misconceptions. For one thing, the scheme is totally optional for both the consumer and the retailer; both parties can still use exact change in the transaction if they want. And Rounding won’t be applied to single products but to the the total bill.

Check out the full guide for further info.

Centsational

Posted on by Orla Fitzpatrick
1c 2c Rounding

For want of a better title please make do with this hilarious and charming pun.

As previously shared on our Facebook page and as previously reported by the South Dublin Chamber, 28th October 2015 will bring with it the start of the National Rounding Project. This scheme seeks to reduce the use of 1 and 2 cent coins by rounding the total cost of transactions to the nearest 5c. This follows the likes of other countries such as Canada, Sweden, Denmark, and other countries who have previously scrapped their small change.

The next four months in our barbaric, backwards society awash with 1cs and 2cs will be used to give retailers and consumers alike time to adjust and plan accordingly. The late October date allows adequate time for retailers to prepare for the busy holiday season. The Central Bank also plans to launch education campaigns for consumers and provide support and resources for retailers still in grieving.