The E-Sylum:  Volume 10, Number 47, November 18, 2007, Article 20

U.S. COINS CIRCULATING AT FACE VALUE IN CANADA

Dick Johnson writes: "With the value of the U.S. dollar
now less than the Canadian dollar, U.S. coins pose a
potential problem in Canada. Most susceptible are the
toll collections, parking meters, turnstiles and fare boxes.

"Toll collectors say they don't have time to sort coins,
they accept U.S. coins at face. Toronto parking meters are
not designed to tell the difference between Canadian and
American coins. In a statement this week officials said both
country's coins are accepted at face value. 'Retrofitting a
single machine would cost about $450.'

"Adam Giambrone, city councilor and chair of the Toronto
Transit Commission (TTC], said: 'if the loonie manages to
climb to US$1.25 then the TTC would be likely to enforce
the same protocol that was in place when the Canadian dollar
was worth $0.63.' "

Canadian TV had interviewed Giambrone. Here is their report:
Full Story

  Wayne Homren, Editor

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