I remember writing a post on the difference that even one sen will make to retailers and how much they "profit" just from pricing their items at $0.99 and then do not give a change to their customer claiming that they have run out of one cent coins.
Well, guess what? If you do not already know, beginning 1st of April,2 008, the Malaysian government is going to make us round up our bills, meaning if our bill ends with 1 or 2 cents, we do not have to pay that but if it ends with 3, 4 or 5 cents, we have to pay 5 cents. On the other hand, if it ends with 6 or 7, we only pay 5 cents and if it ends with 8 or 9 cents, we will have to pay ten cents. Check this poster I have enclosed for clarity.
Well, guess what? If you do not already know, beginning 1st of April,2 008, the Malaysian government is going to make us round up our bills, meaning if our bill ends with 1 or 2 cents, we do not have to pay that but if it ends with 3, 4 or 5 cents, we have to pay 5 cents. On the other hand, if it ends with 6 or 7, we only pay 5 cents and if it ends with 8 or 9 cents, we will have to pay ten cents. Check this poster I have enclosed for clarity.
I am, of course, not happy with this move. I have a huge collection of one cent coins especially for paying my shipping, buying items or paying bills that do not have a round figure because I know that the one sen could turn into a five figure sum annually.
They can claim that it is expensive to mint the coins but don't bull shit us that it will make life easier for us not to have to handle one cent coins.
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