Blog

Not enough cash flow?

So here we are, a week after the country introduced new coins and I still haven’t seen one. This could mean that my cash flow is too low, but more likely it points to the fact that coins are pretty much irrelevant. The smallest transaction I make each day is generally the bus fare to get to and from work. And it’s all covered by a monthly pass, paid for by a direct debit.

Coins, especially the heavy old ones, are such a nuisance that any that do find their way into my pocket get dumped into a jar at the end of the day. And that’s where they stay.

But, on the subject of rounding and making change, it’s great to see that the Retailers Association has recommended a clear policy of rounding downing any amount from 1-5c and rounding up 6-9c. I hope it gets adopted widely accompanied by a clear indication at the cash registers.