12 July 2007

small change is way expensive

It will cost Belgium EUR 162.9 million to mint 90 million 1- and 2-cent coins at EUR 1.81 apiece. All because consumers don't want to bother with pennies and yet retailers refuse to round their prices. This explains the total lack of small change I've been getting at stores since I arrived in the Netherlands. The clerks all just round up. Strange.

Let us carillonneurs hope this rescue operation is never necessary in our towers.

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