At 15:44 -0600 01/03/25, Michael G. Koerner wrote:
>I cannot see why the European Central Bank authorized a '2*¢' coin. It
>strikes me as being BARELY more usefull than the 1¢ coin is here in the
>USA. Had I been the 'Poo-Bah' in charge of coinage in the Euro zone, I
>would not have gone any lower than 5*¢.
The 1 "eurocent" (or ¤¢ ?) coin was necessary to avoid too large an
inflation at the moment of practical introduction of the new
currency. Right now, many items have a "square" price tag, eg 12 FRF
or 85 BEF. When converted, this will become 1,83 and 2,11 ¤.
Had the 1 eurocent coin not been designed, shoppers would not be able
to give exact change. Therefore they would convert to even numbers -
of course of the high side, or even to the 0,05 mark.
But is it not the same situation in the US ? Many items are priced at
square number before sales tax, but what you actually have to pay is
often with 2 decimals and you need or get a number of 1 or 2 cents
coins. Am I right ?
Louis
