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:
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  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 . However, the coins never appeared.
Brink of disaster?
Let's see someone will complain about not being able to go to musical then!