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Business

Bundesbank: Lack of Cents Creating Trouble for Euro

According to the Bundesbank, Europe is running out of euros in cash form, just a few years after the introduction of the currency. The Bundesbank, which looks after the European Single Currency in Germany, says consumers are hoarding their one, two and five cent pieces, while Euro minters are having trouble fulfilling extra orders from the central banks because of a lack of steel on the world market largely due to Chinese growth. In recent years, increased demand in China for oil, raw materials and steel has led to considerable price hikes. The Bundesbank has now called on the public to use the Euro coins they've been piling up at home when they go shopping and to pay exact amounts as much as possible, while retailers are requested to accept more small change.