The grocery bills from the supermarkets are usually round down to the nearest five cent, eliminating the usage of one cent coins.
However credit-card bills, phone bills, utility bills, etc are not doing so. Since most of us pay these bills through GIRO, the exact amount was deducted from our bank account without any hassle. I have yet to try paying cash for my credit card bills. Maybe I have to either dig out some one cent coins or receive some one cent coins as change.
Many stalls in the wet markets are not accepting the five cent coins, citing the inconvenience of depositing these small coins into the bank and other reasons.
Can you see the double standard?
Are one cent and five cent coins not money ie legal tender? We learnt in the primary school that 10 one cent coins make a ten cent, 2 five cent coins make a ten cent.
I have set aside a coin box to collect these "useless" and "unwanted" coins. I hope after some time (ie months or even years), I would be able to accumulate a few dollars or even more, before it goes into my piggy-bank.
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