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We don't need to "imagine" not being able to divide up money past the 5 cent barrier. Here in Australia, pennies have been abolished and everything is either ro
by Aramgutang 15y ago
We don't need to "imagine" not being able to divide up money past the 5 cent barrier. Here in Australia, pennies have been abolished and everything is either rounded up or down to the nearest 5 cents.
New Zealand has already taken it one step further and has abolished 5-cent coins as well, rounding everything to the nearest 10. There's talk of doing that in Australia as well.
Keep in mind that the Aussie dollar is worth more than a US one, and Kiwi dollar is worth only 20% less, so we're talking similar amounts of value being rounded up/down.
Now, if only Australia hadn't compensated the abolishment of 1 and 2 cent coins with the GIANT 50 cent coins, my wallet would be very happy.