Switching From $1 Bills To $1 Coins Could Yield Positive Benefits For Government
zCR - GAO Reports
Copyright © Targeted News Service, 2012
Copyright © Targeted News Service, 2012
2012-02-17
by KEN BLACK
WASHINGTON, Feb. 17 -- Eliminating paper $1 bills in favor of $1 coins could provide a savings to the federal government of approximately $4.4 billion over 30 years, the Government Accountability Office revealed.
In a report titled, "U.S. Coins: Alternative Scenarios Suggest Different Benefits and Losses from Replacing the $1 Note with a $1 Coin" (Report No. GAO-12-307) the GAO said that amounts to an average of approximately $146 million per year in savings. The benefit in costs . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, Feb. 17 -- Eliminating paper $1 bills in favor of $1 coins could provide a savings to the federal government of approximately $4.4 billion over 30 years, the Government Accountability Office revealed.
In a report titled, "U.S. Coins: Alternative Scenarios Suggest Different Benefits and Losses from Replacing the $1 Note with a $1 Coin" (Report No. GAO-12-307) the GAO said that amounts to an average of approximately $146 million per year in savings. The benefit in costs . . .
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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com