Why do we have the penny? | CNBC Explains

18 Views · Published on Wed, 01 May 2019 · FINANCE & BUSINESS

Ever wondered whether there's a point to having small change? You're not alone. The U.K. and U.S. continue to mint pennies but some countries like Canada have scrapped them all together. So should we get rid of the smallest value coins in circulation? CNBC's Tom Chitty explains. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi #CNBC #Money #Currency

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