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Showing off to the South

Started by Figleaf, November 10, 2007, 09:52:22 AM

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Figleaf

Ain't it fun? Just as Americans are rejecting a 1 dollar coin, Canadians are starting to contemplate a 5 dollar coin, even as the dollars approach parity. The EU should take heed also: those 2 euro notes are rapidly deteriorating... Another wise Canadian thought the EU could learn from: have nicknames for your coins.

Peter

Feds looking into making $5 bill a coin

Monday, November 05, 2007 - 08:08 AM
By: James Munroe


The federal government has been looking at bringing in a $5 coin, according to documents obtained by CanWest Global.

The shift from notes to coins started in 1987 with the $1 coin, followed by the $2 coin, about ten years later.

Now, fresh government documents revealed studies have shown a $5 coin makes good sense, since paper bills wear out too fast.

This could happen anytime in the next five to ten years, but there will be opposition from the public, who are already tired of walking around with pounds of change in their pockets and wallets.

There will also be the issue of what to call it - there is the Loonie and Toonie, so maybe a Fivie, a Foon, a Foin?

Source: 680News
An unidentified coin is a piece of metal. An identified coin is a piece of history.