Dollar Bill Debate : Replacing Notes with Coins
Book Details
Format
Paperback / Softback
ISBN-10
1624178324
ISBN-13
9781624178320
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
May 29th, 2013
Print length
82 Pages
Weight
174 grams
Dimensions
22.90 x 15.50 x 0.70 cms
Product Classification:
Monetary economics
Ksh 15,300.00
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Since coins are more durable than notes and do not need replacement as often, many countries have replaced lower-denomination notes with coins to obtain a financial benefit, among other reasons. Six times over the past 22 years, the Government Accountability Office (GAO) has reported that replacing the $1 note with a $1 coin would provide a net benefit to the federal government of hundreds of millions of dollars annually. This book examines the net benefit to the government of replacing the $1 note with a $1 coin for the private sector and the public, and with a focus on the experiences of other countries doing so.
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