Slashdot Mirror

← Back to Stories (view on slashdot.org)

Canada To Stop Producing Pennies In 2013

Posted by timothy on from the thought-they-were-made-here-in-america dept.

First time accepted submitter master_kaos writes "Canada is going to stop producing pennies in February 2013 to help save the tax payers $11 million per year. Cash transactions will be rounded to the nearest nickel. Cheque/Credit Card transactions are not affected."

1 of 362 comments (clear)

  1. Will cost 1 billion to bring out of circulation by TheSkepticalOptimist · · Score: -1, Troll

    The folly in this plan is that the cost to remove pennies from circulation will cost roughly 1 billion dollars in logistics handling, metal recovery, and of course to exchange the value of the pennies returned to the bank for real currency.

    Oh Canada, I love living here. Spend $1 billion to save a few million.

    --
    I haven't thought of anything clever to put here, but then again most of you haven't either.