End of Life for 1 Sen

We might not be seeing the most unwanted 1 sen coin anymore by 1 April 2008. So went the Star Online article "Bye-bye, 1sen coin":

It is no joke but by April 1 next year, you would not have to use the one-sen coin anymore thanks to a "rounding mechanism" that would be used for all over-the-counter transactions.

The mechanism, which will be fully implemented by April 1, means all payment totals will either be rounded up or down to the nearest five sen.

For example, if the total amount to be paid is RM82.01 or RM82.02, it would be rounded down to RM82; if the total is RM82.03 or RM82.04, it would be rounded up to RM82.05.

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Shafie said the Government would also be able to reduce its minting costs as it was anticipated that the demand for the coin would reduce drastically once the mechanism was implemented.