Pauls Valley, OK, Pauls Valley Democrat

Community News Network

November 30, 2012

Could the dollar bill be on its way out?

A branch of the U.S. government is pushing for a dollar coin instead

If you’ve ever been to places like England and stayed for more than a day, you’ve probably walked around with a pocket full of change, as coins in the U.K. are used similarly to how one- and five-dollar bills are used in the United States.

Although the dollar bill isn’t the almighty standalone currency it used to be in terms of value, there’s something about that army-green, leather-smelling piece of paper that serves consumers well.

And the dollar may not buy you a whole lot these days, but it will still get you a lot of items that we use in our day-to-day lives, like that pack of gum sitting by the register at the convenience store or that tabloid newspaper that you grab on your way to work each morning.

Let’s face it, the dollar bill is still a nifty little piece of paper to have--and if you pool enough of them together, you don’t have to break that $20 bill in your wallet--because we all know that once that $20 is broken, it will disappear like David Blaine is practicing some elaborate trick with your finances.

But what if the dollar was removed from U.S. currency altogether, and just like our good friends on the opposite side of the ocean, we only used coins to represent it, and instead of carrying a wad of ones we toted around a bunch of change?

GAO's recommendation

Throughout the last couple of decades, the Government Accountability Office (GAO) has been trying to get rid of the paper dollar and replace it with a coin; in several reports, the U.S. agency has indicated getting rid of the paper dollar would ultimately save the country a significant amount of money.

Text Only
Community News Network
Business Marquee

e-Edition
  • How You Want It When You Want It Today's Pauls Valley Democrat

    Now you can view and download the Democrat right to your desktop on the day the paper is published. Click here to get more information on the Democrat's e-Edition.

     

    CLICK HERE TO ACCESS THE E-EDITION SITE

     

    ATTENTION CURRENT DEMOCRAT SUBSCRIBERS TO START an e-EDITION

    e-mail request to sjohnson@pvdemocrat.com

    April 20, 2011 1 Photo 1 Link

AP Video
Broncos Owner Steps Down Due to Alzheimer's US, UN Push Shuttle Diplomacy in Mideast Trump: DC Hotel Will Be Among World's Best Plane Crashes in Taiwan, Dozens Feared Dead Republicans Hold a Hearing on IRS Lost Emails Raw: Mourners Gather As MH17 Bodies Transported Robot Parking Valet Creates Stress-free Travel Raw: MH17 Bodies Arrive in Netherlands Raw: Fight Breaks Out in Ukraine Parliament Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Ex-NYC Mayor: US Should Allow Flights to Israel Clinton: "AIDS-Free Generation Within Our Reach" Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence Police Probing Brooklyn Bridge Flag Switch
Stocks
Facebook