As early as the beginning of this year, rumours that Australia was about to pull out of the market for five cents were rumoured, and now, even Australian Prime Minister Tam Po believes it is "wise" to stop producing five cents.
According to reports, the Tasmanian Liberal Party plans to hold a meeting in the near future on whether to cancel the five-cent coin, and Prime Minister Tan Po will also attend the meeting.
Asked by the media, "do you think you should cancel the five cents," Tan said, "that`s a good question. Now five cents are rare, so I think it might be a wise decision to cancel five cents."
In fact, as early as February this year, federal goverment Treasury officials said, "the use of five cents is not very useful now, many machines do not work, so in the future, we may be able to let this coin out of the market."
In addition, on the occasion of the 50th anniversary of Australia`s shift from sterling, shilling and pennies to Australian dollars and Australian cents in February, the head of the Royal Australian Mint also said, "over the past five years, The demand for pennies has been greatly reduced, and this trend will continue in the future. People don`t use them much anymore, so they are likely to disappear in the future. "
In fact, it is not only the problem of greatly reduced demand, but also the cost of production, because the cost of producing a five-cent coin is higher than its own value, so many people think that the cost of producing a five-cent coin is higher than its own value. It is a waste to continue to produce five cents that are of little use.
What do your friends have to say about such a parking meter, which is closed to the vending machine, and that even the child does not want to have? Do you think Australia should cancel the pennies?
