Replacing the $5 bill with a coin is a looney-tune idea that hopefully won’t take flight. Canadians should reject outright what the Bank of Canada has considered in two financial models it studied that were obtained by CanWest News Service. Both models conclude a $5 coin will be inevitable and should be introduced by 2021.
The report found that the elimination of the penny is warranted, but should be replaced with a $5 coin and the introduction of a $200 bill sometime between now and 2021.
According to Francois Dupuis, vice- president and chief economist for economic studies with the Desjardins banking group, the country can’t have too many coins.
Non-cents....
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