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There is a basic problem with this argument. There are lots of places in the world that accept and use the dollar as a means of trade, where the penny is still
by zer00eyz 10y ago
There is a basic problem with this argument.
There are lots of places in the world that accept and use the dollar as a means of trade, where the penny is still of value.
https://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/ https://qz.com/260980/meet-the-countries-that-dont-use-their...
What amounts to a rounding error for most Americans would quickly add up in places that depend on the dollar for currency (official or un officially) as they typically have larger marginal populations.
- reddytowns 10y agoThis is not the problem of the USA.
- astrodust 10y agoIf somewhere the economy of a country is built on melting down pennies and making brass statues that's also not the problem of the US Mint.
- planteen 10y agoHuh? Ecuador uses the US dollar and issues their own coins. https://en.m.wikipedia.org/wiki/Ecuadorian_centavo_coins https://en.m.wikipedia.org/wiki/Ecuadorian_centavo_coins Americans were able to trade fine in the past when a penny had far more purchasing power. Other counties will manage.
- robocat 10y agoAnd they should keep using pennies but valuing them at the base metal value ...
- herbst 10y agoAfaik most of them use their own currency instead of american coins. Like in cambodia everything below 1$ is handled in their own currency