The European Commission will decide at the end of 2021 whether to
unify the rounding of prices for cash payments throughout the eurozone,
as well as whether to
eliminate the one and two cent euro coins
, as reported by the institution in a statement.
"The Commission will study carefully in this analysis the economic, environmental and social impact of introducing uniform rules for rounding", explained the European Commission, which guarantees that the future proposal in this regard will be based on the conclusions of this evaluation.
The Community Executive wants to
avoid that each partner of the euro follows its own criteria and different from the rest when rounding the prices of cash payments
.
The EU had warned that some Member States such as Finland, Italy, Belgium, Ireland or the Netherlands had already approved internal rules on rounding while other countries do not have specific regulations.
Brussels has begun on Monday the analysis of the impact on the use of the two currencies with the least value of the common currency.
The process also includes a public consultation that will be open for the next 15 weeks for different national institutions and authorities, as well as civil society, to present their opinion on the matter.
The Community Executive has the legal mandate to
examine "periodically and carefully" the use of the different euro currencies
on the basis of criteria of cost and acceptability by European citizens.
It is in this evaluation that the future of the one and two cent euro coins is framed, which Brussels could propose to eliminate if it considers that their use is not generalized and their abolition does not have serious damages on the economy.
According to the criteria of The Trust Project
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