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> In addition, at least one country (Sweden I think), doesn't allow values like 0.01. There are a few countries where they no longer bother with small coins to
by rb808 7y ago
> In addition, at least one country (Sweden I think), doesn't allow values like 0.01.
There are a few countries where they no longer bother with small coins to represent .01, so cash transactions are rounded to nearest .05 or similar, but the .01 is still valid for electronic transactions. I expect that is the situation in Sweden. (I wish US did this too)
- kentosi 7y agoAnd Australia. We got rid of 1c and 2c coins back in the 90s.
- axman6 7y agoBut electronic transactions are still processed to the cent.
- Mister_Snuggles 7y agoCanada did this. No more $0.01 coins, $0.05 is the smallest denomination. Electronic transactions, which account for over 50% of transactions in Canada, still use pennies though.
- manojlds 7y agoIndia got rid of 0.1, 0.25 and 0.5. Cash transactions are rounded to the rupee.