Little enthusiasm for Keating’s currency changes
Melbourne twosome ‘Nappy’ Ollington said last night that $ 1 coins would mean “just heavier work for me.” But punters will welcome a $ 100 ticket; that will make it easier for them. Yeah, it’ll be easier to lose him too.
“Since the days of the pound sterling silver has lost all value,” he said. “They should think about bringing a $ 500 bill and getting rid of the pennies and cents. What are they worth?
Someone who welcomed the news was Mr. Malcolm Steinberg, Managing Director of Leisure and Allied Industries, makers of amusement machines. He said the $ 1 coins would mean price flexibility and perhaps the introduction of games offering multiple games for $ 1.
Last night at the South Sydney Leagues Club, a spokesperson said the club’s 80 poker machines would remain at 10 and 20 cents. “Dollar slots could work in Las Vegas, but not here,” he said.
And at Wrest Point Casino, the acting manager said the new currency wouldn’t make any difference. “We’re using UK cents in the duo anyway.” But he thought the big spenders around roulette could accommodate $ 100 bills.
Combined Pensioners’ Association of Victoria Junior Vice President Ms Irene Ellis and Housewives Association of Victoria State President Ms Margaret Morrison both said they saw no need for a $ 100 bill.
They said stores are already struggling to change even a $ 20 bill, and since the elderly often only bring small amounts, that could be a problem. They also expressed concern about the extra weight the $ 1 coins could put in purses and pockets, the danger of easily losing small coins, and the confusion for the elderly who always felt happier to think. in pounds and cents.
Replacing the $ 1 bills with coins means that drivers of old-style streetcars and buses will carry more weight around their necks. Asked about it yesterday, the Secretary of the Streetcar and Highway Employees Association, Mr. Jim Harper, said: “My word, we will definitely look into this.”