Tuesday, November 13, 2007

Ban on U.S. Coins Proposed in Toronto

(Toronto, Ontario) A politician wants fewer American coins in Canada.
A proposal to ban the use of American coins was met with incredulity, caution and skepticism from the city's transit and parking agencies yesterday, which expressed doubts that doing so would save much money.

American quarters, dimes, nickels and pennies are often tossed into fare boxes, slipped into parking meters and traded at concession booths.

The city traditionally accepts the coins at face value, partly because of the hassle involved in culling them.

The plan proposed by Councillor Howard Moscoe suggests city bodies refuse the coins, now that the loonie trumps the American greenback.
The projected cost of conversion was calculated to be greater than the anticipated benefit, therefore, the idea was shelved.

Heh.

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