Accountability Office recommends ditching the dollar for coin - KWWL - Eastern Iowa Breaking News, Weather, Closings

Accountability Office recommends ditching the dollar for coin

Posted:

WATERLOO (KWWL) -- Could we be getting less bang for the buck, or for that matter, less bucks?

The Government Accountability Office is once again recommending the Treasury Department ditch the paper dollar and replace it permanently with a coin.

The reason is cost.  The GAO says it would save uncle Sam five and a half billion dollars over 30 years.

Dollar bills last about 40 months. But coins last for decades.

Online Anchor: Sunny Layne

Powered by Frankly