Quote:
Originally posted by Tron_fdc+Jan 20 2005, 11:35 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Tron_fdc @ Jan 20 2005, 11:35 AM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-hulkrogan@Jan 20 2005, 03:58 PM
Australia has been penny-less for years, and I think its great. I'd be fine with ditching pennies and nickles actually.
Heres some points discussing it:
http://www.whyfor.com/nocents/nocents.htm
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When I lived there it was sooooo nice not having pockets filled with pennies all the time; It was really, really convenient and is something I wish Canada would adopt. I guess they did all kinds of studies on the pennies and bills, and came to the conclusion that it was cheaper not to produce pennies, and when they rounded up or down depending on the bill amounts, the consumers came out ahead something like 55% of the time.
Their bills were also waterproof (laminated somehow I think) so if they got washed it wouldn't wreck them. They came in all different colours, and the larger denomination bills were longer in length than the smaller ones, which made it pretty easy to organise and count your money.
Way ahead in my mind. [/b][/quote]
I was going to mention this...
However they got the one and two dollar coins down there too, so it doesn't really cut down on the immense amount of change people carry around, not to mention their 2 dollar coins are about the size of a dime, just much thicker. To easy to lose I think for something worth that much.
Lol you should have seen the persons face when I askd for two toonies and a loonie for a five though...
As for the lengths of bills, the higher the denomination, the longer the bill, so that's good for those who are visually impaired, but I remember a blind person here in Canada saying you could do the same thing with Canadian currency if you folded it a certain way.
As for it being washable, well I try not to wash mine. I know U.S. bills don't come apart in the wash either as they are made from a type of (or have a certain percentage of) cotton. I don't know about Canadian bills.
I wouldn't mind if we got rid of the penny though. I got about 60 (seriously) bucks in them that I'd have change in before they became worthless. Or would I then actually have more in metal, if the weren't currency anymore...?