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Finnish euro coins
From Wikipedia, the free encyclopedia
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.
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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.
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.
| € 0.01 | € 0.02 | € 0.05 |
|---|---|---|
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| The heraldic lion of Finland found on the Coat of arms of Finland. | ||
| € 0.10 | € 0.20 | € 0.50 |
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| The heraldic lion of Finland found on the Coat of arms of Finland | ||
| € 1.00 | € 2.00 | € 2 Coin Edge |
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 The edge reads SUOMI FINLAND (the name of the country in Finnish and Swedish, its two official languages) and contains three lion heads |
| Two swans flying over a Finnish landscape. The Whooper Swan is the Finnish national bird. | The fruit and leaves of the cloudberry. | |
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.
| € 0.01 | € 0.02 | € 0.05 |
|---|---|---|
 |
 |
 |
| The heraldic lion of Finland found on the Coat of arms of Finland. | ||
| € 0.10 | € 0.20 | € 0.50 |
 |
 |
 |
| The heraldic lion of Finland found on the Coat of arms of Finland | ||
| € 1.00 | € 2.00 | € 2 Coin Edge |
 |
 |
The edge reads SUOMI FINLAND (the name of the country in Finnish and Swedish, its two official languages) and contains three lion heads |
| Two swans flying over a Finnish landscape. The Whooper Swan is the Finnish national bird. | The fruit and leaves of the cloudberry. | |
 Fifth Enlargement of the European Union (2004) |
 60th Anniversary of the Establishment of the United Nations and 50th Anniversary of Finland's UN Membership (2005) |
 1st Centenary of the Introduction of Universal and Equal Suffrage (2006) |
 90th Anniversary of Finland's Independence (2007) |
 50th Anniversary of the Signature of the Treaty of Rome (2007) |
- ^ Bank of Finland (2006-12-27). Designs of euro coins will be amended in 2007. Press release. Retrieved on 2007-04-09.
- European Central Bank - Information about the Finnish euro coins
- Suomen Pankki (Bank of Finland)
- The Euro Information Website - Finland Series 1
- The Euro Information Website - Finland Series 2
