The E-Sylum:  Volume 10, Number 6, February 11, 2007, Article 22

HONG KONG SHOPS NOT ACCEPTING SMALL COINS

Dick Johnson adds: "Another reason for revaluing small coins and
rounding off is the current situation in Hong Kong. Retailers are
refusing to accept 10-cent and 20-cent coins (smallest coins in
circulation). The reason: banks are charging two percent for deposits
of 500 of these coins (and only in 500 coin quantities). Thus
retailers refuse to accept the small denomination coins.

"A recent article tells of a reporter's experience in a local
bakery. He also recounts a shortage of small coins there in the
1970s."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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