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'Finnish euro coins' have three designs. Heikki Häiväoja provided the design for the 1 cent- 50 cent coins, Pertti Mäkinen provided the design for the 1 euro coin, and Raimo Heino provided the design for the 2 euro coin. All designs feature the 12 stars of the EU and the year of imprint.

Contents

Usage of 1 cent and 2 cent coins

First series

Amended design

€2 commemorative coins

References

External links

Usage of 1 cent and 2 cent coins

Finnish businesses and banks have employed a method known as "Swedish rounding" when tallying sums. Due in large part to the inefficiency of producing and accepting the 1 cent and 2 cent coins, Finland has opted to remove these coins from general circulation in order to offset the cost involved in accepting them.
While individual prices are still shown and summed up with € 0.01 precision, the total sum is then rounded to the nearest € 0.05 when paying with cash. Sums ending in € 0.01, € 0.02, € 0.06 and € 0.07 are rounded down to the nearest 5 cents; sums ending in € 0.03, € 0.04, € 0.08 and € 0.09 are rounded up to the nearest 5 cents.
The 1 cent and 2 cent coins are legal tender and are still minted for collector sets as required by the EMU (European Monetary Union) agreement.

First series

Finnish euro coins dated 1999- 2006 carry the mint mark M which is the initial of the mint master at The Mint of Finland, Raimo Makkonen.
For images of the common side and a detailed description of the coins, see euro coins.

Amended design

In December 2006, the Bank of Finland announced the following:
"The national sides of euro coins will be amended so that each issuing Member State will add its name or abbreviation (FI for Finland) on the coins. On Finnish coins the first letter of the Mint of Finland’s President and CEO (M for Raimo Makkonen) will also be replaced with the Mint’s logo. Amendments to the national sides affect all denominations of euro coins.
"Each euro area Member State will decide on the schedule for the introduction of their new coins. In Finland the new coins will be put into circulation in January 2007. The current coins will remain valid, and coins in stock will be put into circulation as necessary. This way coins with the new designs will mix with the current coins in circulation."^[1]
Finland is the first state in the EMU to implement these changes.

€2 commemorative coins

Main articles: €2 commemorative coins

References

1.

External links

★ European Central Bank - Information about the Finnish euro coins

★ Suomen Pankki (www.bof.fi)

★ The Euro Information Website- Finland Series 1

★ The Euro Information Website- Finland Series 2