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334 points andrewl | 1 comments | | HN request time: 0s | source
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nayuki ◴[] No.45902294[source]
We eliminated pennies in Canada in 2012 and the transition was a non-issue. The vast majority of retailers would round cash transactions to the nearest $0.05, but a few would round down to the nearest $0.05 in favor of the customer. https://en.wikipedia.org/wiki/Withdrawal_of_low-denomination...

Canadian cash is better than American cash in several ways: No penny, durable polymer banknotes (instead of dirty wrinkly cotton paper), colorful banknotes (instead of all green) that are easy to distinguish, $1 and $2 coins in wide circulation (instead of worn-out $1 bills).

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simonw ◴[] No.45902306[source]
The linked article raises a few problems that the US could have with that solution:

> Four states - Delaware, Connecticut, Michigan and Oregon - as well as numerous cities, including New York, Philadelphia, Miami and Washington, DC, require merchants to provide exact change.

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criddell ◴[] No.45903310[source]
How do they deal with sales tax? Connecticut has a 6.35% sales tax so if I buy something for $1, the total will be $1.0635.
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1. wasabi991011 ◴[] No.45903717[source]
Paying cash, you would pay $1.05.