Will it benefit the consumer? Well,not sure yet. We have to see about it in the future.
Wednesday 14 November 2007
The End of 1 cent coin?
The government is stepping up to save a lot of money coming 1 April 2008 when the one cent coin will no longer be legal tender after that. Hum... That is about time that the government do something about it. I think following the Australian system will be a wise choice as it will save the government a lot of money as it cost the government 4.2 cents to make one 1 cent coin, which, people can actually melt the copper and sell it. I think the government does not want people to take advantage of the situation.
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2 comments:
Good lah, the one cent coin is such a nuisance but i wander how it will be when we need to pay a few one cent coin for taxes at restaurants. What happens when the taxt is 3 cents or 4 cents 0r lesser than 10 cents? Are consumers going to be on a loosing end?
tell you what. i think the government might want to melt those one cent coins back to copper and sell it. After all, the price of copper has risen to 400% above their original price for the last ten years!
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