Canada’s getting rid of the penny, and all I can say is it’s about blooming time.
I’ve experienced what I consider two sides of fiscal portability – one year in France, and two years in New Zealand. In 2004 France, post-franc, the euro coin existed as 1 centime, 2 centimes, 5 centimes, 10 centimes, 20 centimes, 50 centimes, 1 euro, and 2 euros. And that’s just coins. I don’t know about you, but that’s just ridiculous.
Then three years ago, I went to New Zealand. 10 cents, 20 cents, 50 cent, 1 dollar, and 2 dollars. That’s it. So much easier on the wallet, and less of a headache at the cashier.
So the news that Canada will soon be ditching the penny, reducing the number of coins to five (nickel, dime, quarter, loonie, and toonie – that’s one and two dollar coins to any neighbours […]