Last updated at 12:06 GMT, Thursday, 28 February 2013

Penny pinching!

Canadian cents

Is this the end of the Canadian penny?

Canada is withdrawing its humble penny - or cent - from circulation. Its economy is out of pocket by $11 million a year because it costs 1.6 cents to make a 1 cent coin.

Rob and Finn discuss how the UK would cope without its one pence piece.

This week's question:

In which country would you use the Tambala coin? Is it:

a) Malawi

b) Madagascar

c) Myanmar

Listen out for the answer at the end of the programme.

Listen

Penny pinching!

End of Section

Vocabulary

humble

modest or insignificant

circulation

going around in the economy

legal tender

currency, such as coins and paper money, that can be lawfully used as payment for goods and services

to round out

to increase or decrease the price to the nearest price that can be paid

a nuisance

something that causes annoyance or inconvenience

costs a pretty penny

is very expensive

numismatist

a collector and student of coins

iconic

well known and represents something

inflation

the increase in prices and fall in the purchasing value of money

inevitable

certain to happen or unavoidable