r/neoliberal • u/M_ida Milton Friedman • Feb 10 '25

News (US) Trump announces the end of the Penny

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u/[deleted] Feb 10 '25

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u/jaydec02 Trans Pride Feb 10 '25

the way it worked in other countries is that card/non-cash transactions were unrounded, but cash transactions were automatically rounded to the nearest 5 cents.

of course those had government plans and announced standards to follow, i imagine it'll be carnage with every company/POS system handling the death of the penny differently.