Friday, April 20, 2012

Canada eliminating the one cent

The government announced that it is eliminating the penny from Canada's coinage system. In about six months the Royal Canadian Mint will stop distributing Canadian coppers.

Starting in the fall, businesses will be asked to return pennies to financial institutions. The coins will be melted and the metal content recycled. In the meantime, Canadians can continue to use pennies to pay for things and the one-cent piece will retain its value indefinitely.

(news by Wesley Green)

LINK: CBC news
LINK: Winnipeg Free Press
LINK: National Post
LINK: All the one cent coin types

1 comment:

  1. Too bad they won't be making the penny anymore, it was easy to collect and an icon of Canadian culture. R.I.P.