The Germans are considered to be cash-Fans. At least with coins, you are likely to be supplied in the new year. Because of all the Euro countries, Germany in 2019, will produce the most pieces of money. To 632 million euros, the volume of which 231 million for collectors is in Europe’s largest economy.
Based on all 19 Euro countries, the European Central Bank (ECB) approved the production of Coins in a total volume of EUR 2.1 billion in the previous year it was 2.2 billion euros. 2019 approximately 488 million euros in total on collector coins.
The ECB sets a year on the basis of the of the Eurozone countries reported demand for an upper limit for the total volume of the coins. In this framework, the countries can then have the money pieces to shape.
Controversial 1 – and 2-Cent coins. However, measured by the number of these small coins are produced most frequently. In the years 2016 and 2017 countries left the Euro, respectively, around 3.6 billion 1 and 2 Cent pieces to shape. For comparison, the 1-Euro coin 2-Euro coin were minted about 1.6 billion Times.
Two-thirds of the Mini-coins not found in circulation
Some consumers, the 1 – and 2-Cent coins, a nuisance, because they make the purse heavy. Traders enjoy the psychological effect krummer prices slightly below the full Euro must then give the cash to exchange the Smallest out of money.
In some States – for example, in the Netherlands and in Finland – is the Rounding has long been customary. The small pieces of money but also to stay there. The abolition of individual coins could only be at the European level decided. As an Argument for the abolition of critics also lead to the field, only the material costs to manufacture 1 – and 2-Cent coins exceeded their face value by Far.
The Bundesbank refers to the fact that in Germany the majority of consumers, the Mini-coins want to keep.
Because many of the small coins go to on a regular basis in saving pigs to land or lost it is estimated that about two-thirds of the 1 – and 2-Cent pieces – defendant Belgium, in the summer a shortage of cents-coins. In media reports, a spokesman of the Ministry of Finance, was quoted at that time, there were already Considerations, the Belgians in a national campaign to call on to bring the copper red coins to the Bank, so at least some of them back into the payment cycle.
Actually, coin-operated bottlenecks in individual Euro area countries are unlikely to be the case. Because, if necessary, the Central banks of other countries to help, if it is for a denomination to temporarily close.
Deutsche slowly from cash from
In Germany, cash is still very popular. Cards – in particular the Girocard – Paying but more and more often. According to a study by the Deutsche Bundesbank, the cash payments in 2017 declined, as measured by the turnover for the first time, 50 percent to 48 percent.
A push for cashless payments could bring the introduction of Smartphone payment services such as Apple Pay or Google Pay last year in Germany. According to the assessment of the Commerzbank will prevail Pay by phone also in Germany more and more.