Is this the end of the Canadian penny?
Canada is withdrawing its humble penny - or cent - from circulation. Its economy is out of pocket by $11 million a year because it costs 1.6 cents to make a 1 cent coin.
Rob and Finn discuss how the UK would cope without its one pence piece.
This week's question:
In which country would you use the Tambala coin? Is it:
a) Malawi
b) Madagascar
c) Myanmar
Listen out for the answer at the end of the programme.
Listen
Penny pinching!
End of Section
Vocabulary
- humble
modest or insignificant
- circulation
going around in the economy
- legal tender
currency, such as coins and paper money, that can be lawfully used as payment for goods and services
- to round out
to increase or decrease the price to the nearest price that can be paid
- a nuisance
something that causes annoyance or inconvenience
- costs a pretty penny
is very expensive
- numismatist
a collector and student of coins
- iconic
well known and represents something
- inflation
the increase in prices and fall in the purchasing value of money
- inevitable
certain to happen or unavoidable
