Tuesday, November 13, 2007

'Satu Sen Pun Takda Guna' Will Literally Mean A Thing Soon

Got this scoop from Rocky:

Say goodbye to the 1 sen coin.Bank Negara is expected to announce today that it does not make sense to mint 1 sen coins anymore. What with rising inflation, our billion-ringgit mentality, and next year's crippling increase in petrol/diesel prices.
Expect an announcement on this later today.


My jaw dropped when I saw that news. I mean, for someone who collects even 1 sen coins (even to the surprise of someone - you know who you are ;-), this is a very bad omen!

Remember what I told you yesterday? Look at this:

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Coins

In 1980, coins were introduced in denominations of 1, 5, 10, 20 and 50 cents and 1 dollar. The 1 cent coin was struck in bronze, with the others struck in cupro-nickel. In 1989, bronze-plated steel replaced bronze. A 2 dollar coin was introduced in 1997. In 2001, nickel-plated steel replaced cupro-nickel in the 10, 20 and 50 cents and 1 dollar, and a bimetallic 5 dollar coin was introduced. These coins [25] remain legal tender but, due to their minuscule value, they only function as gambling tokens in Zimbabwean casinos.

Plans by the Reserve Bank of Zimbabwe, for new Z$5,000 and Z$10,000 coins were announced in June 2005 [26]. However, the coins never appeared.


Brink of disaster?

Let's see someone will complain about not being able to go to musical then!

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