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A Penny for your thoughts

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30 Mar 2012 10:07 #82016 by ketchim
Canada stops the minting of the Penny :

for a savings of C$11m.

Pennies can still be used in purchases.

Thoughts ?

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30 Mar 2012 10:08 #82018 by ketchim
Canada now joins at least 10 countries in ending the minting of low denomination coins :

including Switzerland and Brazil !!

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30 Mar 2012 10:12 #82020 by ketchim
Cost of producing a one cent coin is 1.6 Canadian cents.

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30 Mar 2012 10:13 #82022 by ketchim
" There are 30 billion pennies in circulation and every year they are minting more.........

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  • Nargis
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30 Mar 2012 10:15 #82024 by Nargis
these are all good excuses to slowly bring in the Amero one currency and eventually no currency.

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