Scottishmoney Posted August 8, 2006 Report Share Posted August 8, 2006 I get $2's whenever I can and spend them. I have 2 of them in my wallet right now waiting to be spent. Link to comment Share on other sites More sharing options...
Dockwalliper Posted August 8, 2006 Author Report Share Posted August 8, 2006 They would if the ones are gone. Thats also part of the reason for the multi-commem $2 in the bill. Link to comment Share on other sites More sharing options...
ccg Posted August 8, 2006 Report Share Posted August 8, 2006 But would the world accept elimination of the $1? In many places of the world, the US$1 note is the lowest value readily acceptable medium of exchange. Link to comment Share on other sites More sharing options...
Dockwalliper Posted August 8, 2006 Author Report Share Posted August 8, 2006 Then they shouldn't have a problem with a $1 US coin. Link to comment Share on other sites More sharing options...
ccg Posted August 8, 2006 Report Share Posted August 8, 2006 No, but the loss of the $1 note could be troublesome. Link to comment Share on other sites More sharing options...
Capt-AWACS Posted August 8, 2006 Report Share Posted August 8, 2006 But would the world accept elimination of the $1? In many places of the world, the US$1 note is the lowest value readily acceptable medium of exchange. In other countries that use US currency for legal tender (like Ecuador, Panama, and El Salvador) they use the SACs as their single denomination of choice (especially Ecuador)-- so I think the world would except it. Ciao, and Hook 'em Horns, Capt-AWACS, Mind the Gap Link to comment Share on other sites More sharing options...
ccg Posted August 9, 2006 Report Share Posted August 9, 2006 In other countries that use US currency for legal tender (like Ecuador, Panama, and El Salvador) they use the SACs as their single denomination of choice (especially Ecuador)-- so I think the world would except it. Ciao, and Hook 'em Horns, Capt-AWACS, Mind the Gap Yes, but what about Russia, the Far and Middle East, and Africa, where the USD is often a secondary currency in circulation? Link to comment Share on other sites More sharing options...
Capt-AWACS Posted August 9, 2006 Report Share Posted August 9, 2006 Yes, but what about Russia, the Far and Middle East, and Africa, where the USD is often a secondary currency in circulation? I've been to all of those places and only seen big US bills in circulation, but if the US went to the two as the lowest it would circulate. I don't see missing the dollar as a problem. If the US went to the five as lowest it would circulate. Never underestimate the ability of the market to adapt. All many countries have to do is peg their currency to the dollar and half the problem is solved. See Belize or the Bahamas for example. Ciao, and Hook 'em Horns, Capt-AWACS, All redheads are nuts Link to comment Share on other sites More sharing options...
Scottishmoney Posted August 9, 2006 Report Share Posted August 9, 2006 Canada seems to do just fine having the $5 bill as the smallest bill. It has been years since I have seen a $2 bill in circulation in Canada, but I have lots of twoonies to prove they do indeed circulate. Link to comment Share on other sites More sharing options...
Conder101 Posted August 10, 2006 Report Share Posted August 10, 2006 << actually, i do consider that ... but i don't think the $2 will gain acceptance. >> Since most people prefer a paper bill to a coin, and their choice would be $2 bills or a pocketful of dollar coins, I don't see a problem with the $2 note gaining acceptance. Got four dollars in change coming back? You can have two $2 or four dollar coins. Three dollars? a $2 and a dollar coin, or three dollar coins. Two dollars? $2 bill or two dollar coins. One Dollar? either way you get a coin. At no point is life without the $2 note preferable. At best you break even when you have just a dollar coming back to you. Given those choices, people WILL use the $2's. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.