Although printing of $1 notes ___1___
stopped, Singaporeans are still slow to take ___2___
the new $1-coin. Familiarity and convenience ___3___
the reasons most people gave for preferring the dollar note to
the coin. Many of
___4___ admitted that they
would eventually get used to the coins. There are already a few
converts, ___5___
for the time being, most are sticking to the notes.
Cost-saving and convenience were the two main reasons ___6___
the authorities switched from paper notes to dollar-denominated
coins. The switch would also enable ___7___
transactions to be automated, saving time and making
transactions more convenient. Durability ___8___
another reason. While it costs ___9___
the same to mint the coin as to print the dollar note, the coin
lasts 20 to 30 years compared ___10___
a few months for the paper money. |