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.. No more pennies
So now you can start begging your friend for money and tell him “I’m seriously penniless and have so much bills to pay ” even if you have money in your bank account
When the Lincoln penny was introduced, it had the purchasing power (measured in contemporary dollars) of 50 cents.
The last Israeli prutah (equal to one Palestinian/British mil) used to be able buy a snack. Today it is 1/10,000,000 of a New Shekel.
I was at the bank yesterday and some guy came in an got a box of 25 rolls of pennies afterwards i told the banker it’s a collector item
The guy will probably keep it in his basement for 20 years
new york is already in the process of passing a rounding law.
the National Conference of State Legislatures has released some guidance despite the treasury not doing so.
there are some concerns about the Nickle becuse its even more expensive to produce reletive to face value than the penny. so logically speaking, the nickle also has to be eliminated.
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