Feb 142013
 

In this week’s 6 Minute English: 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.

 

 

Vocabulary:
humble: modest or insignificant
circulation: go 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

 

6 Minute English – Penny pinching! Transcript Video

 

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Source: BBC Learning English

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