Local's opinion provided for a very small fee? (3,5)

I believe the answer is:

two cents

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'local's opinion' is the definition.
'two cents' can be an answer for 'opinion' (I've seen this in another clue). I am unsure of the 'local's' bit.

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

I've seen this clue in The Irish Times.

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