Withdrawal of low-denomination coins

Often coins are withdrawn after their purchasing power has been eroded after decades of inflation.

In Switzerland, the 1 Rappen coin had fallen into disuse by the early 1980s, but was still produced until 2006, albeit in ever decreasing quantities.

Conversely, the British Treasury department initially argued for the retention of the decimal halfpenny, on the grounds that its withdrawal would drive up inflation.

[5] Efforts have been made to end the routine use of pennies, and equivalents thereof, in several more countries, including the United States.

[6] Countries in the eurozone have had different responses to the issue; according to James Debono writing for Malta Today, "scrapping the coins is considered unthinkable for Germany where both consumers and retailers are obsessed with precise pricing.