Why do coins still exist? Couldn’t we just agree to round up or round down collectively and just do away with them? If something cost 5.05 just pay 5. If it’s 5.51 just pay 6. Should balance out eventually and everything would reprice in whole units 🤔
Extremely dumb idea?
For kids to swallow
Those are for the ponds and fountains
we no longer have pennies in canada. in change you round up or down, digital still uses the whole range
Interesting
They got rid of pennies like that in Canada a few years ago. Round up or down to the nearest nickel.
Didn’t know this
Here’s me pricing everything to $5.51. Sucka!
If that happened people would see the shadiness and just look for alternatives … or not. We already do this with .99 and few complain
Inflation
I agree - 1 Sat will be = 1 Sat, not = 1 cent
Many people are already doing this when they say "keep the change" at a retail store. Done it many times myself. Fun fact: In the first half of the 19th century, half-cent coins were minted and widely used, and the "mill" ( a tenth of a cent) is still officially a unit of US currency.
In aggregate, those coins add up to a lot of money. Businesses would either have to leave that money on the table, or raise consumer prices. And I think it would be difficult to get everyone on board. Some businesses would do it, others wouldn't. Therefore the coins would still be necessary.
New law, no coins. Figure out the rest 🤷♂️
Are you saying that less is more?
This would defeat the purpose of $0.99 stores
That's a common sense no?
