The Royal Mint made no new 1p and 2p coins last year, saying there are enough in circulation. The nearly worthless denominations aren't being phased out, though.
Cash use has fallen across the UK, and some feared the end of copper coins when the government announced a consultation on the mix of cash in circulation earlier this year. But the Treasury concluded that the coins were still needed, and said they would continue to be used "for years to come". Over 2 million people are estimated to be almost entirely reliant on cash in their daily lives, with the elderly, vulnerable and those in rural communities likely to be hardest hit by any decline in cash availability.
Canada ceased production of its 1c coin five years ago, but it remains legal tender. Australia and New Zealand ditched their 1c coins about two decades back. But the increasingly pointless American penny remains in business, held aloft by the tide of hysteria that washes in whenever the Treasury suggests getting rid of it.
In Cincinnati, Ohio, the U.S. Customs and Border Protection intercepted more than $250,000 in counterfeit US bills on its way from Shenzhen, China to Guthrie, Oklahoma. From Fox19: The money, which was not washed or bleached, was printed from a high-end printer on regular paper. Officers say the currency number was the same for every […]
My pal Shalaco sent me this video he made with the following message: As a photographer I lost 100% of my income due to the Covid-19 crisis. I applied to every form of financial support out there and recently had a lot of success. I want to share what I’ve learned with the community with […]
• U.S. jobless claims totaled 2.98 million last week, unemployment is close to 16%
When you were 10 and your mom demanded you finish your vegetables or go to your room, you were mad. Even as kids, we hated it when we were ordered to do something. Car insurance is a federal mandate, yet that’s only one of the reasons why most Americans would rather do just about anything […]
We all know the drill. As the overlords of the smartphone and tablet markets, the braintrust at Apple very seldom hold sales on their signature devices. So rather than spending almost $1,000 on a brand-new iPad Pro, the folks in Cupertino are instead giving you the opportunity to score one for about a third of […]
Entrepreneurs looking for new avenues to reach customers may not have considered one of the fastest-growing content mediums today: podcasting. And we don’t mean just dropping an advertisement for your product or service in the middle of a popular show. Right now, there are about 850,000 active podcasts reaching 165 million Americans. Those listeners are […]
