Holidaymakers flood Portugal with €2 coins

With the onset of the holiday season, visitors have started ‘flooding Portugal with euros’ – the majority of them in the form of €2 coins.

According to Bank of Portugal statistics, 52% of coins currently circulating in Portugal come from other countries within the eurozone.

But when it comes to the €2 coins, 87.2% come from other member states (including 22.8% from Germany, 18.5% from France and 19.4% from Spain)

The situation is “beyond the necessities of the Portuguese people who prefer €1 coins”, a source for the central bank has told national tabloid Correio da Manhã, and it will almost certainly mean that less coins will need to be minted this year than last.