it will arrive in 2008 and apparently it would save money in creating this new coin. do you agree with this idea?
2007-01-27 11:12:30 · 4 answers · asked by LillasPastia 6 in Business & Finance ➔ Other - Business & Finance
Yes, I do like the idea, but for that to work, the banknotes have to be withdrawn gradually from circulation. Two type of a same denomination will not work. Many will prefer the lighter form. In Singapore, for example, when the dollar coin was introduced, the government gradually withdrew the notes until there are only coins for the dollar denomination.
2007-01-28 13:52:03 · answer #1 · answered by silverpet 6 · 0⤊ 0⤋
Canada has $1 and $2 coins. I prefer paper money.
Michael
2007-01-27 11:20:39 · answer #2 · answered by PrayerRequestBox 3 · 1⤊ 0⤋
I like it but I think it will bomb just like the Susan B. Anthony and Sacagawea dollar coins did.
2007-01-27 11:46:58 · answer #3 · answered by Rat 7 · 0⤊ 0⤋
It will fail just like the last one in 2000.
2007-01-27 11:21:07 · answer #4 · answered by jimmy 3 · 0⤊ 0⤋