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A penny for your thoughts……

There is a growing campaign for the penny coin to be scrapped.

As a retailer, I’d be wholeheartedly for that. We are forever running out of them for change. You can’t buy anything for a penny and really any inflationary implication of the coin’s withdrawal has passed by many years.

The half penny was done away with in 1984. Recently the Canadian government stopped distributing their Cent or Penny as it was known, because it cost more to produce than it was worth.

In America there are moves to get rid of their Cent.

And yet you’d need 850 Burmese Pyas to exchange for one.

However, this is the world’s most worthless coin:


It’s the Tiyin from Uzbekistan. About 2,000 equate to one US cent.



2 Responses

  1. Don’t you mean Uzbeki-beki-beki-stan-stan?

  2. We can’t get rid of the one penny unless some occupational pensions are to be paid on a bi-monthly basis.

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