Australia had scrapped its 1c and 2c coins and following suit, as well as announcing a review on the future of cash, would put the UK at the vanguard of the move to a cashless society.

Currently, in Ireland, the Euro coin series comprises of eight different denominations: €2, €1, 50c, 20c, 10c, 5c, 2c and 1c. However, in a bid to reduce the number of 2c and 1c coins in ...