Submitted on Saturday 10th September 2016
Published on Monday 12th September 2016
Current status: Closed
Closed: Sunday 12th March 2017
Signatures: 66
Stop the production of the 1 pence coins.
The rate of inflation has made 1 pence coins virtually unusable.
Canada has already removed its lowest value currency from circulation.
If the cost to produce one Canadian Penny is 1.5 Canadian Cents, then we can assume it has a similar cost in the UK.
It is uneconomical to keep in circulation.
https://www.whatdotheyknow.com/request/cost_to_produce_one_penny
http://www.bbc.co.uk/news/business-21292441
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