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Max Hillebrand | 7 months ago (raw) | root | parent | reply | flag +2 
 It's funny cause it's true. 

The amount of capital transfer is related to the face value of the money unit minus cost of production of the money unit.

It actually is making a loss for the central bank to issue 0.01$ coins, because it costs 0.05$ to create. 

But a 100$ bill only costs 0.01$ to create, and thus the seignoarage is extremely profitable.

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b203872c | 7 months ago (raw) | root | parent | reply | flag +1 
 With the € 10 cent coin now matching material costs (not production costs), we have the hardest € that ever existed, as long as you just use 10 cent coins.

€ 0.1 Coins are currency money again.