The E-Sylum:  Volume 10, Number 47, November 18, 2007, Article 26

ONE-SEN COIN SHORTAGE IN MALAYSIA

Dick Johnson writes: "While Ron Paul is complaining we
have too many cents in circulation in America (above story)
citizens and businesses in East Malaysia are complaining
about a shortage of 1-sen coins.  Government officials have
proposed merchants round off to the nearest 5-sen amount,
a practice widely successful in Australia and New Zealand.

"However, a skepticism exists among the public that merchant
traders are going to cheat consumers.  The government insists
it loses money striking the low-denomination coin, a condition
that is found world wide with advancing prices of hard metals
used in coin compositions.

"While some of the comments of local citizens quoted in the
news story below appear a little naive to many of us, the
growing minor coin situation brought on by economic
conditions is universal."

To read the complete article, see:
Full Story

  Wayne Homren, Editor

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