News

6th July 2015

National Rounding Project

The National Rounding Project, which will see a reduction in the need for 1 and 2 cent coins, will begin rollout on Wednesday 28th October. This will give four months for retailers to prepare, is sufficiently in advance of the busy seasonal shopping period, and will allow time for the Central Bank to prepare and execute a consumer education campaign while also ensuring retailers have access to adequate materials and support to ensure that the rollout is a success. The Central Bank will shortly issue a guide to how rounding will work which we will distribute when available. Please inform your members of the rollout date so they can begin preparing as soon as possible.

 

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