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- Cash_rounding abstract "Cash rounding or Swedish rounding (New Zealand English) occurs when the minimum unit of account is smaller than the lowest denomination of currency. The amount payable for a cash transaction is rounded to the nearest multiple of the minimum currency unit, whereas transactions paid in other ways are not rounded (for example electronic funds transfer like credit cards, or negotiable instruments like cheques). Cash rounding typically occurs when low-denomination coins are removed from circulation owing to inflation. Cash rounding may be a compulsory legal requirement if such coins are no longer legal tender, or a voluntary practice where they remain in circulation but are scarce.Cash rounding was introduced in Sweden in 1972 when 1 and 2 öre coins were withdrawn from circulation; the practice is called \"öresavrundning\", meaning \"öre rounding\", and since 2010 applies to all coins less than one krona. The Reserve Bank of New Zealand used the name \"Swedish rounding\" in 1990 when withdrawing their 1- and 2-cent coins. In Canada, cash rounding due to the 2013 elimination of the penny is also called penny rounding.When small-value coins are withdrawn, an alternative to the implementation of cash rounding is instead to increase the minimum unit of account to the smallest remaining currency unit and round all prices and bank accounts to this value. Whereas cash rounding is an ongoing process, this alternative is a one-time conversion. It was done, for example, when the British farthing was withdrawn in 1960.".
- Cash_rounding thumbnail Cash_rounding_receipts.jpg?width=300.
- Cash_rounding wikiPageID "5244452".
- Cash_rounding wikiPageLength "12631".
- Cash_rounding wikiPageOutDegree "38".
- Cash_rounding wikiPageRevisionID "699622298".
- Cash_rounding wikiPageWikiLink Cash.
- Cash_rounding wikiPageWikiLink Category:Money.
- Cash_rounding wikiPageWikiLink Cheque.
- Cash_rounding wikiPageWikiLink China.
- Cash_rounding wikiPageWikiLink Chinese_yuan.
- Cash_rounding wikiPageWikiLink Coin.
- Cash_rounding wikiPageWikiLink Credit_card.
- Cash_rounding wikiPageWikiLink Currency.
- Cash_rounding wikiPageWikiLink Denomination_(currency).
- Cash_rounding wikiPageWikiLink Electronic_funds_transfer.
- Cash_rounding wikiPageWikiLink Farthing_(British_coin).
- Cash_rounding wikiPageWikiLink File:Ireland_cash_rounding_wobbler.jpg.
- Cash_rounding wikiPageWikiLink Inflation.
- Cash_rounding wikiPageWikiLink Legal_tender.
- Cash_rounding wikiPageWikiLink Mill_(currency).
- Cash_rounding wikiPageWikiLink Negotiable_instrument.
- Cash_rounding wikiPageWikiLink New_Zealand_English.
- Cash_rounding wikiPageWikiLink Norwegian_krone.
- Cash_rounding wikiPageWikiLink Penny_(Canadian_coin).
- Cash_rounding wikiPageWikiLink Penny_debate_in_the_United_States.
- Cash_rounding wikiPageWikiLink Psychological_pricing.
- Cash_rounding wikiPageWikiLink Reserve_Bank_of_New_Zealand.
- Cash_rounding wikiPageWikiLink Rounding.
- Cash_rounding wikiPageWikiLink Swedish_krona.
- Cash_rounding wikiPageWikiLink Take_a_penny,_leave_a_penny.
- Cash_rounding wikiPageWikiLink Unit_of_account.
- Cash_rounding wikiPageWikiLink Wexford.
- Cash_rounding wikiPageWikiLink Withdrawal_of_low-denomination_coins.
- Cash_rounding wikiPageWikiLink Woerden.
- Cash_rounding wikiPageWikiLink Öre.
- Cash_rounding wikiPageWikiLink Øre.
- Cash_rounding wikiPageWikiLink File:Cash_rounding_receipts.jpg.
- Cash_rounding wikiPageWikiLink File:Chinese_Swedish_rounding.jpg.
- Cash_rounding wikiPageWikiLinkText "Cash rounding".
- Cash_rounding wikiPageUsesTemplate Template:New_Zealand_currency_and_coinage.
- Cash_rounding wikiPageUsesTemplate Template:Reflist.
- Cash_rounding subject Category:Money.
- Cash_rounding comment "Cash rounding or Swedish rounding (New Zealand English) occurs when the minimum unit of account is smaller than the lowest denomination of currency. The amount payable for a cash transaction is rounded to the nearest multiple of the minimum currency unit, whereas transactions paid in other ways are not rounded (for example electronic funds transfer like credit cards, or negotiable instruments like cheques).".
- Cash_rounding label "Cash rounding".
- Cash_rounding sameAs Q5366931.
- Cash_rounding sameAs スウェディッシュ・ラウンディング.
- Cash_rounding sameAs 스웨덴_반올림.
- Cash_rounding sameAs m.0d9pr6.
- Cash_rounding sameAs Q5366931.
- Cash_rounding wasDerivedFrom Cash_rounding?oldid=699622298.
- Cash_rounding depiction Cash_rounding_receipts.jpg.
- Cash_rounding isPrimaryTopicOf Cash_rounding.