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<p>[QUOTE="mlov43, post: 3221605, member: 16729"]Yeah, I think you kind of elucidated the reason why people hoard South Korean coins rather than spend them: The coins' relatively low value compared to the pricey economy in which they operate. It takes a while to gather up enough to have enough value to actually buy something! Unless you wash and dry your clothes at a laundromat, or you are always buying drinks and food from a vending machine, you probably just aren't using coins. </p><p><br /></p><p><font size="4">Hey, isn't that the same problem in the USA?</font></p><p><br /></p><p>The Bank of Korea is aware that their coins have low value, but just won't do anything like make higher-value coins because the country is supposed to go "coinless" in 2020. THAT will solve that problem, right? </p><p><br /></p><p>Well, I will wait and see. I'm not exactly sure that plan will come to fruition. Other Korean government plans were to have a robot in every home(!) and an tablet for every school student (these were actual government plans). Yeah, well, those never happened either.[/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 3221605, member: 16729"]Yeah, I think you kind of elucidated the reason why people hoard South Korean coins rather than spend them: The coins' relatively low value compared to the pricey economy in which they operate. It takes a while to gather up enough to have enough value to actually buy something! Unless you wash and dry your clothes at a laundromat, or you are always buying drinks and food from a vending machine, you probably just aren't using coins. [SIZE=4]Hey, isn't that the same problem in the USA?[/SIZE] The Bank of Korea is aware that their coins have low value, but just won't do anything like make higher-value coins because the country is supposed to go "coinless" in 2020. THAT will solve that problem, right? Well, I will wait and see. I'm not exactly sure that plan will come to fruition. Other Korean government plans were to have a robot in every home(!) and an tablet for every school student (these were actual government plans). Yeah, well, those never happened either.[/QUOTE]
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