"Padraic Brown" wrote in message
...
On 13 Jan 2004 23:57:56 GMT, (Malanutt 4 Life)
wrote:

This may be a good thing, right? Do you guys think people who run banks
might
be well heard on these issues?

They're the ones that actually deal with loads of dough every day. You
might want to ask him _why_ he'd like to bring out $200 and $500
notes, $2 coins and no more pennies and dollar notes. It may well be a
practicality issue (his tellers have to count all those dollar notes
at the end of their shift, and I bet they spend a goodly bit of time
straightening the things out just to get them in the counter) such as
the greater ease in dealing with dollar coins over notes.

I wonder how many merchants would cringe at the prospect of now having to
recognize a bogus $200 or $500 note? Or $2 coins to go with the $1 coins
they already find inconvenient? How many people would prefer to carry this
much money in cash and in such large denominations? And I could count the
time it takes a teller to straighten out a stack of bills before putting
them in a counter in three seconds.


When you've got a well worded proposal, you might consider peddling it
to other bank managers in your area, and perhaps get the thoughts of
area merchants as well. They deal with money too! They'd probably like
to get rid of pennies, and might not be adverse to being rid of dollar
notes as well. Could also ask transportation firms (taxi companies,
public and private bus operators, etc).

I suppose, for their convenience, the banks would probably like to get rid
of ALL coins for that matter. But it's still the people who spend them and
decide which denominations they prefer. And as long as merchants have to
provide the correct change to their customers, they'll stock the coins they
need to do so. But somehow I just can't picture Congress deciding to
eliminate certain coins or bills based on a survey of bus operators. The
"common spender" has the final word on what coins or bills he uses, but no
pro or con advocates seem to care about polling him-- maybe because they
know what the answers will be.

Actually I would have no problem seeing the cent eliminated, rounding final
purchase prices to the nickel, and even eliminating the dollar bill and
adding a $2 coin. I just can't see it happening all at once or even
piecemeal, without some phenominal impetus that none of us has thought of
yet.

Bruce