Despite the fact that the American public seems to be pretty anti-dollar coin in the coin vs. bill debate, Congress is still fighting to push the $1 coin on the country, almost a year after the debate first began. We say fight, because as history has shown, the general population doesn’t mind chucking dollar coins in a jar but is definitely against waving goodbye to paper $1 bills forever. [More]
Canada, which dropped its $1 bill in favor of coins decades ago, is continuing to tear up its paper currency. This week, the country introduced a plastic $100 bill, which the government says is rip-resistant, virtually impossible to counterfeit, and won’t melt in the dryer or freeze in the winter. It’s also been modified, since some early reviewers saw sex toys and naked women in its original design.