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FRANCE CONSIDERS ELIMINATING SMALLEST COINSDick Johnson writes: France is joining a virtual league of nations which has abolished their lowest denomination coin in circulation. How many more countries must do the same before we axe the cent, and possibly the nickel? Wisely the Founding Fathers chose the French method of decimalization -- with cent, dime, dollar == over the British method of pence, shilling, pound. Now France is showing the way again.
Thanks. Here's an excerpt from the article Dick forwarded. -Editor
A government think tank, the Comité d'Action Publique 2022 (CAP 2022) has published a report recommending that the two smallest denomination of coins should be abolished in the near future as the first step towards creating a zero-cash economy in France. "We propose to gradually move towards a society without cash like Sweden," said the report . "We could start in the short term by putting an end to the circulation of one and two cent coins." If the plan goes ahead, France would join the likes of Finland, Ireland, the Netherlands and Belgium.
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