# Make-a-Wish hopes to benefit from Irish government’s rounding up of small change

- Link: https://fundraising.co.uk/2015/10/28/make-a-wish-hopes-to-benefit-from-irish-governments-rounding-up-of-small-change/
- Published: 2015-10-28T11:10:24+00:00
- Author: Howard Lake

**Make-a-Wish Ireland is trying to make the most from small coins as the Irish government
today begins a ‘rounding initiative’ which aims to reduce the use of 1 cent and 
2 cent coins.**

Consumers in the Republic of Ireland will begin receiving cash change rounded to
the nearest 5 cents from today. The rounding will only apply to cash payments with
the total amount of any bill being rounded up or down to the nearest 5 cent mark.
This will be done on a voluntary basis and 1 cent and 2 cent coins will remain legal
tender.

The move is part of [Ireland’s rounding initiative](https://www.centralbank.ie/paycurr/Pages/rounding.aspx),
which aims to reduce the use of 1 cent and 2 cent coins. Ireland is running short
of one-cent coins and the cost of producing these small coins exceeds their face
value – a 1 cent coin costs 1.65 cent to produce while a 2 cent coin costs 1.94 
cent.

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Some 2.5 billion cent and 2 cent coins have been issued in Ireland since the introduction
of the euro, with a total value of €37 million. When Ireland moved from its own 
currency, the punt, to the Euro in 1998 a fundraising campaign to collect spare 
punt change raised over €7 million.

[⌊Bank of Ireland's infographic on the scale of small coins issued⌉⌊Bank of Ireland's
infographic on the scale of small coins issued⌉[

Central Bank of Ireland encourages people to make their coppers count (December 
2014)

Change for Charity and [Make-A-Wish](http://www.makeawish.ie) are using the rounding
initiative to call on people to donate their hoarded 1 cent and 2 cent coins to 
charity. Susan O’Dwyer, Chief Executive of Make-A-Wish is asking people to take 
the opportunity for people to declutter and donate their small change which is gathering
dust in jars and down the back of sofas.

Donations of coins can be made to Make-A-Wish at any Maxol or Dealz store in Ireland.

A successful trial conducted by the National Payments Plan in Wexford in 2013 showed
85% of consumers and 100% of retailers in Wexford welcomed the national rounding
of cent coins in Ireland.

In the run-up to Christmas last year, a spokesperson for the Central Bank said:

> “Lots of people keep copper coins in jars and piggy banks around the house. There
> is €35.3 million worth of 1c and 2c coins. This is better being spent or given
> to charity. We urge people to use this time of the year to de-clutter, by either
> giving these coins to charity or spending them. With Christmas approaching now
> might be a good time to use those stray coins by giving them to a charity of your
> choice.”

 

_Main image: [euro cent coins](http://www.shutterstock.com/pic-322914377.html) by
Marco Lavagnini on Shutterstock.com_

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