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This would help prevent both merchants and consumers to have a steady supply of 1 cents for transactions. Apparently the government spends RM18billion yearly to mint 1 cent coins.
There maybe changes in the petrol pricing system as consumers may be charged at a increment of 5cents/10cents instead of the old 1 cent when pumping petrol.
I feel that this move is a good one for me as I have been stuck in situations where I was given a whole lot of 1cent coins as change at a McD joint or sometimes certain merchants who're short on 1/2 cents, they just wont bother to give me back my exact change or sometimes when I'm short of a few cents the merchant would charge me 10 cents instead. Damn too much right?
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Anyhow, this is one small little effort from the government that will help make the every day life of a Malaysian living in Malaysia better (By having a slightly lighter wallet/purse).
Would this make the Malaysians happy enough to forget about the PM's response to the BERSIH protest and Malaysia's Information Minister's interview with Al Jazeera News on the BERSIH Protest?
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Images credits to thestar.com.my