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I swear money handling cost will be reduced by one simple thing that some countries like Canada and Ireland have done (and can be improved): ditch the smaller c
by raverbashing 3y ago
I swear money handling cost will be reduced by one simple thing that some countries like Canada and Ireland have done (and can be improved): ditch the smaller coin denominations (and maybe add higher denomination coins like $2 like EU and UK have)
Anything under 10 cents gets rounded down/up accordingly
It doesn't matter. Minting and transporting it, even in your pocket costs more than you'll ever get in dealing a more "precise" denomination
- AmenBreak 3y agoThat's an awful idea. Especially the "down/up" part.
- deleted 3y ago[deleted]
- red-iron-pine 3y agoThey ditched pennies in Canada and round the cent. Works fine.
- TehShrike 3y agoThis already happens with cents. Your tax frequently comes out to a fraction of a cent, and it gets rounded to the nearest cent. The US used to have a half-penny coin. It stopped being minted in 1857. The purchasing power of the half-penny at the time was about as much as a quarter has today. It wouldn't be crazy to get rid of all coins worth less than 25¢ and round all purchases to the nearest quarter. Obligatory CGP Grey: https://youtu.be/y5UT04p5f7U https://youtu.be/y5UT04p5f7U
- scarface_74 3y agoThat doesn’t stop theft by employees or robberies.
- raverbashing 3y agoYou don't have to tell me that ;) https://news.ycombinator.com/item?id=9563474 https://news.ycombinator.com/item?id=9563474