|Re: So, if the dollar bill were eliminated... (916415)|
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Re: So, if the dollar bill were eliminated...
Off some quick thinking, the smallest notes by country are:
US -- $1.00
Canada C$ 5 (about $5.00)
Euro -- EUR 5 (about $6.50)
Great Britain -- GBP 5 (about $7.50)
Switzerland -- CHF 10 (about $11.00)
Basically, the rest of the western world has adapted just fine to using notes for only values above $5.00 (or more). There's no reason that Americans can't do the same -- especially if the cost savings to printing all those notes is significant.