Posted by Salma Javid Khan
By Laura Gray, BBC News
Now some campaigners in the US and UK want the penny to be scrapped, because nothing can be bought with a one-cent or one-penny coin.
“The point of currency is to facilitate cash transactions. It used to be that a penny could serve that purpose because it was worth… Read the rest at BBC
|Country||Smallest coin||How many = 1 US cent||How many = 1 UK penny|
|North Korea||1 Chon||132||201|
|Sri Lanka||1 Cent||126||192|
In practice, however, while these coins are legal tender, you would struggle to find them in everyday life.