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?
They got rid of pennies like that in Canada a few years ago. Round up or down to the nearest nickel.
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Didn’t know this
