Ditch the penny – yea or nay?

By |2017-06-23T08:31:11-04:00April 23rd, 2012|Categories: AAR afterhours blog, Jean AAR, Real Life|Tags: , |

Canadian Penny  20100526Canada’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 […]