New Zealand has already taken it one step further and has abolished 5-cent coins as well, rounding everything to the nearest 10. There's talk of doing that in Australia as well.
Keep in mind that the Aussie dollar is worth more than a US one, and Kiwi dollar is worth only 20% less, so we're talking similar amounts of value being rounded up/down.
Now, if only Australia hadn't compensated the abolishment of 1 and 2 cent coins with the GIANT 50 cent coins, my wallet would be very happy.
Those pennies really don't add up. See if you can find a store that won't add in the extra pennies to round you up, seriously - they certainly don't care.
The tax man only cares about aggregates, unless they are in audit mode.
Um, you know that sales tax results in prices with fractional pennies? And that stores simply round the prices?
> Or they would keep the item prices the same, at which point customers might not like they are being charged, at the maximum, 4 cents more than they should.
You mean like how gas stations add on 9/10 of a cent to every gallon?
No more pockets with a clump of metal in the bottom. No more fooling around trying to make a purchase come out even. Certainly no more counting them.
Its an amazing, liberating feeling! And it costs me far less than the time and effort I win back.