Instead of saving money, dollar coin legislation will end up being more costly there is no argument that countries around the world are concerned about the cost of producing quality.
Fiat money is a currency without intrinsic value that has been established as money, the first use of fiat money was recorded in china around 1000 ad since then, it has been used by.
Penny supporters point out that that if pennies are eliminated, all cash transactions will have to be rounded off to the nearest nickel according to americans for common cents , this will.
History has shown us that updating the monetary supply in countries where the currency is very stable has had little if any adverse effect on the economy, or on people's acceptance of the. According to a report commissioned by jarden zinc, eliminating the penny wouldn't necessarily remove all the losses currently associated with the us mint's production of the coin, at least.
Other countries have already started to eliminate their low-value coins the penny, the first currency of any type if the above estimate that handling pennies adds several seconds to. The penny may be worthless, but let’s keep it anyway the penny, the first currency of any type authorized by the us government, why eliminate the penny.
The canadians are getting rid of their penny let them why we need to keep the penny (and dollar bill) in circulation by nancy smith april 1, 2012 - 6:00pm because changing.
While countries such as australia, canada, and new zealand have phased out their one-cent pieces, harris poll found that 55% of americans are in favor of keeping the penny and 29% want to. History has shown us that updating the monetary supply in countries where the currency is very stable has had little, if any, negative effect on the economy, or on people's acceptance of the.