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Other countries saved money by getting ride of low denomination coins and swapping the highest used paper currencies to coin because it typically lasts longer.
by officeplant 5y ago
Other countries saved money by getting ride of low denomination coins and swapping the highest used paper currencies to coin because it typically lasts longer.
Although recent studies have shown that since we finally improved paper currency's sturdiness the $1 bill is lasting long enough now to be worth keeping around.[1]
[1]https://www.gao.gov/products/gao-19-300 https://www.gao.gov/products/gao-19-300
- kube-system 5y agoThe "worth" of money is more than just the durability of the physical material. The #1 most important factor is its use in facilitating trade. We've introduced multiple Dollar coins into general circulation in the US and they've always failed because people culturally don't like using them, and businesses don't like wasting money accepting them.