Sunday, April 14, 2024

Makes no cents


Share post:

FOR BARBADOS, the dollars aren’t adding up when it comes to making cents.
And so after 41 years of production, the Central Bank of Barbados is set to withdraw the copper-plated zinc one-cent coin from circulation later this year.
The measure is thought to be based primarily on the economics of producing and using cents. That is, it costs more to produce them than they really can buy.
The move comes after the bank announced last February that a national one-cent collection drive for charity had brought in 10.9 million cents.


Please enter your comment!
Please enter your name here

Related articles

US shoots down Iranian drones bound for Israel

The US has shot down Iranian drones headed to Israel after Iran launched its retaliatory attack early on...

Iran launches retaliatory strikes toward Israel

Iran has launched a wave of retaliatory strikes toward Israel, fueling fears of regional escalation following an apparent Israeli attack...

T20 World Cup trophy in Barbados

The countdown to the start of the 2024 the ICC Men’s T20 Cricket World Cup continues. Today marks 50...

Mother’s plea: Come home

“Donisha, I miss you, come home,” cried heartbroken mother Diana Cumberbatch. That was all she could manage before collapsing...