What?
If 1 jiao = 1.5 U.S. cents, wouldn’t 0.1 jiao = 0.15 U.S. cents?
Indonesia’s currency (The Rupiah) is like this, too. It takes about 18,000 Rupiah to buy a bottle of beer and there’s about 5,000 Rupiah to the US dollar.
So has Canada gotten rid of their pennies yet?
Australia is now talking about getting rid of the 5 cent coin, which currently is worth slightly more than a U.S. nickel.
Not yet. We’re distracted by the Jets returning to Winnipeg. 
[hopes]
And the Nordiques! And the Nordiques!! If we send all our pennies to Glendale, could we buy the team?
[/runs around in a fit of over-enthusiasm over meaningless news out of Phoenix]
A guy just walked after being offered a HUNDRED MILLION in free taxpayer dollars to stay there. I think you better get a big ol’ sack of change if you wanna bring top tier ice hockey back to La Belle Province. 
Top tier? Nah, we already have the Habs! Consistently just out of the playoffs will work too for the Nords… I don’t intend to cheer for them (I bleed bleu blanc rouge!) but I feel they ought to be returned anyways! 
I’ll go count the pennies in my change jar…
So far as I know, Russia still mints one-kopeck coins, which are worth about $0.00036. I never actually received one in change while I was over there–even the notoriously fussy Russian cashiers couldn’t be bothered with them.
And here we have a 2008 articlefrom the Saint Petersburg Times discussing the possible extinction–but treasury officials were reluctant, because “it would lead to a slight increase in prices.” Some things are the same everywhere…
You realize the dude was discussing the purchase of cookware, right? :dubious:
While there may be some people who are intentionally hoarding, I think that there are a lot of people who just can’t be bothered with their pennies and just let them build up.
In 3 or 4 years Canada will have gotten rid of its paper money as well.
??!! Cite?
I highly doubt there will be a $100.00 coin for a very long time. If you mean everyone will switch to paying for everything with credit cards and computers, not bloody likely. Maybe in 20, but even there I have difficulty believing it.
Oops! Just realized what you were alluding to. Yes, we will have all plastic $5 and up bills in the next few years, so no more paper money in that sense.
What I don’t understand is all those people who throw their pennies into a jar and then complain that a couple cents increase in price is going to bankrupt them.
Nearly a year after this thread started, there is still nothing about abolishing the penny.
In the US, the official names of the coins are:
one cent, five cents, one dime, quarter dollar, half dollar, one dollar.
In Canada they are:
one cent, five cents, ten cents, twenty five cents, fifty cents, one dollar, two dollars.
Nit-picky but genuine question: is the official Canadian 25¢ spelling with or without a hyphen? To me, “twenty five cents” = 1.00 (20 × 5¢) and "twenty-five cents" = .25
ETA: I know a hyphen was correct a generation or two ago, but I’m asking because conventions change and I’m sure the two contexts would never be confused.
I wish the government would mint a mill coin. I’m tired of getting ripped off at the gas station, and gas is high enough as it is…
Hell, I have a 1 centime piece from the 60s. When I was in France with my Mom in 75 they already were rounding up or down to the nearest 0 or 5, and the tax was already baked into the price.
Right, if you haven’t been using one-cents in transactions to avoid getting more one-cents back–and then you’re taking those one-cents out of circulation too–you’re effectively rounding all transactions up, to your own disadvantage. Eliminating pennies would put you ahead.
The coin has “25 CENTS” on it. The Royal Canadian Mint refers to the coins as “25 cents” or “25-cent coins”. The *Royal Canadian Mint Act *specifies a “twenty-five cent coin”.