The Canadian 1 cent coin was eliminated in early February 2013. It cost more to produce than it was worth. But while the government's choice was probably wise in some senses, they might not have considered the enormous inflation that they have engendered. 500% isn't peanuts!...
500% Inflation because of Canadian Penny's elimination??
in Coins in the News
Posted
The Canadian 1 cent coin was eliminated in early February 2013. It cost more to produce than it was worth. But while the government's choice was probably wise in some senses, they might not have considered the enormous inflation that they have engendered. 500% isn't peanuts!...