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The thing about getting rid of the penny is that you kinda have to get rid of all cash. Or somehow everything has to be priced in such a way that taxes will always create a bill that ends in $.05 or $.10.
Which means it's basically time for the science fiction world of Credits.
Which means it's basically time for the science fiction world of Credits.
Haha, no. You don't need to get rid of cash, just round everything up or down so it fits your coins.
In Denmark we have no coin smaller than 0.5 Krone.
.25 to .74 are rounded to nearest .50 and .75 to .24 are rounded to nearest .00
This means you sometimes pay a little less and sometimes a little more when using cash, it evens out in the end. Electronic payments are still right on the money.
Fun fact:
Krone, the Danish currency, means "Crown" and our cents are called Øre which means "Ear".
This leads to the age old joke; "How much money does the King/Queen have? 1 Crown and 2 Ears"
Interesting but slightly more boring fact:
Sweden, Norway and Iceland all have currencies with similar names due to the Scandinavian monetary union 1873-1914
In Denmark we have no coin smaller than 0.5 Krone.
.25 to .74 are rounded to nearest .50 and .75 to .24 are rounded to nearest .00
This means you sometimes pay a little less and sometimes a little more when using cash, it evens out in the end. Electronic payments are still right on the money.
Fun fact:
Krone, the Danish currency, means "Crown" and our cents are called Øre which means "Ear".
This leads to the age old joke; "How much money does the King/Queen have? 1 Crown and 2 Ears"
Interesting but slightly more boring fact:
Sweden, Norway and Iceland all have currencies with similar names due to the Scandinavian monetary union 1873-1914
Please tell me that 34NOK is for a fancy beer, a 1L bottle or something, otherwise that is a horrendous price to pay for a beer.
Are those prices for store bought or served at bars/restaurants?
Because I find it nearly unbelievable that you would have such high beer prices in stores.
Because I find it nearly unbelievable that you would have such high beer prices in stores.
All of a sudden, smuggling good beer to Norway and selling it cheap seem like a good job opportunity.
For a restaurant yes, but I was thinking in the lines of store bought beer where it would be horrendously expensive by Danish standards.
Here, brand-name beer like Carlsberg and Tuborg can be had at as little as 11DKK per liter in stores. While cheap store-brand beer can be had at as little as 6DKK per liter.
Here, brand-name beer like Carlsberg and Tuborg can be had at as little as 11DKK per liter in stores. While cheap store-brand beer can be had at as little as 6DKK per liter.
#115 to #97
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whatswrongwithanon (01/06/2016) [-]
We will have to ROUND! The horror!
The USA had a coin called the half-penny (or ha'-penny, if you want to sound like a prick. Which I do occasionally.) They abolished it because it didn't have enough buying power to justify it's existence. This was in the 1850's. Yes, the unenlightened antebellum times. It had more buying power than the current dime does.
The USA had a coin called the half-penny (or ha'-penny, if you want to sound like a prick. Which I do occasionally.) They abolished it because it didn't have enough buying power to justify it's existence. This was in the 1850's. Yes, the unenlightened antebellum times. It had more buying power than the current dime does.
I think being afraid of change is exactly what started this issue.
Oh no, am I being punished?
I need an attorney, I'm not that good at jokes, or law. I forgot that one about a guy walking into something, and failed the bar exam.
I need an attorney, I'm not that good at jokes, or law. I forgot that one about a guy walking into something, and failed the bar exam.
#105 to #97
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anon (01/06/2016) [-]
Getting rid of the penny is not nearly as much of an issue as people think it is.
Canada nixed their penny back in 2012 and nothing bad happened as a result. Pennies are still legal tender, but when you spend them they're reclaimed to be removed from circulation. Prices for electronic transactions (via PayPal or paying with a credit/debit card) haven't changed and cash transactions are rounded to the nearest 5 cents.
Getting rid of the penny is not nearly as much of an issue as people think it is.
Canada nixed their penny back in 2012 and nothing bad happened as a result. Pennies are still legal tender, but when you spend them they're reclaimed to be removed from circulation. Prices for electronic transactions (via PayPal or paying with a credit/debit card) haven't changed and cash transactions are rounded to the nearest 5 cents.