Low value coins are set to remain in circulation and the system of rounding cash transactions won’t be explored further.
That’s according to the government, after asking the public for views on whether 1p, 2p and 5p coins should be withdrawn.
The consultation had over 1,000 responses, and after feedback the decision has been made to keep small change.
However, Treasury will not mint any further 1p or 2p coins due to the cost of production and storage.
Manx Telecom applies for fibre telegraph poles in Tromode
An Island internet company has applied for permission to build telegraph poles to provide fibre broadband to homes in Tromode.
Wellwishers raise thousands to give Sandy hope!
Bighearted Island residents have raised thousand of pounds to help a cat who'd been run over.
Deepfake scammers cost Island residents £1.2 million last year
Government experts say deepfake scams impersonating Isle of Man personalities cost Island residents £1.2 million last year.
Bereavement payment cuts 'followed UK' says Treasury Minister
Treasury Minister Alex Allinson says bereavement benefits following the death of a partner were cut in line with changes in the UK.
Broken glass on beach sparks plea from local authority
Commissioners have urged people to clean up after themselves after broken glass was left in the sand on Port Erin beach.
Jurby track days called off
A motorsports events company says it's called off an event in the north of the Island later this month.
Sam Barks backs windfarm referendum
Movie star Sam Barks has backed calls for a public vote about a windfarm in the south of the Island.
Rally action continues today
Road closures continue in the north of the Island today as the Manx Rally continues.
