Canada, along with a bunch of other countries including the States, is planning to do away with the penny. Instead, all our calculations will be rounded out to the nearest 5 cents.
I think this would make things much easier when making change, but more than that it might save us a pile of money too.
Apparently minting all those coins costs us a lot of money.
If memory serves me, it could be in the hundreds of millions of dollars!
Why so much you ask?
I'm glad you asked!
I just found out that in typical government fashion, it cost them 4 cents to mint 1 cent.
Why doesn't this surprise me?
Your "fiscally conservative" scribe;
Allan W Janssen
Showing posts with label change. Show all posts
Showing posts with label change. Show all posts
Friday, February 16, 2007
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