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The end of the penny.

This week Ruth Alexander looks at why some countries get rid of their smallest coins and some just cannot part with them.

Canada has stopped distributing its smallest coin – the one cent or the penny. This week Ruth Alexander looks at why some countries get rid of their smallest coins and some just cannot part with them. She asks whether people really fall for so-called psychological prices that end in 99, rather than seeing them for the round numbers they really are. And which country has the coin with the smallest monetary value?

Image:Future of the Penny in Doubt Credit: Getty Images)

Available now

10 minutes

Last on

Sun 10 Feb 2013 03:50GMT
BBC World Service Online

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Broadcasts

  • Sat 9 Feb 2013 13:50GMT
    BBC World Service Online
  • Sun 10 Feb 2013 03:50GMT
    BBC World Service Online

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