[news] The Cashless Penny

[Mostly Water - "Canadian" and International alternative news feed]

A new report by the Bank of Canada has concluded that we should have dumped the penny two years ago. Apparently it costs about $130 million a year to make 1.4 billion pennies. That is, it costs 9 pennies to make one penny. You may ask why are pennies so expensive? Their answer: it is your fault because “people are hoarding and not spending their pennies”.

  


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    [1]: http://mostlywater.org/the_cashless_penny

URL: http://mostlywater.org/the_cashless_penny