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The US "Penny": Should it go or should it stay?
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<p>[QUOTE="NorthKorea, post: 1765361, member: 29643"]Wouldn't both countries still be participants in the Euro? As such, couldn't you use German 1-/2-cent coins in the Netherlands? That is more of a case of arbitrage than anything. Since the EU encompasses multiple nations with a single currency standard, they EU acts more like a single economy/country for those purposes. It's like saying New Jersey decided to stop using pennies (if it were legal), but New York still used them. Yes, Jersey prices would "round-off" unless someone used pennies there.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1765361, member: 29643"]Wouldn't both countries still be participants in the Euro? As such, couldn't you use German 1-/2-cent coins in the Netherlands? That is more of a case of arbitrage than anything. Since the EU encompasses multiple nations with a single currency standard, they EU acts more like a single economy/country for those purposes. It's like saying New Jersey decided to stop using pennies (if it were legal), but New York still used them. Yes, Jersey prices would "round-off" unless someone used pennies there.[/QUOTE]
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