We don't need to "imagine" not being able to divide up money past the 5 cent barrier. Here in Australia, pennies have been abolished and everything is either rounded up or down to the nearest 5 cents.
New Zealand has already taken it one step further and has abolished 5-cent coins as well, rounding everything to the nearest 10. There's talk of doing that in Australia as well.
Keep in mind that the Aussie dollar is worth more than a US one, and Kiwi dollar is worth only 20% less, so we're talking similar amounts of value being rounded up/down.
Now, if only Australia hadn't compensated the abolishment of 1 and 2 cent coins with the GIANT 50 cent coins, my wallet would be very happy.
New Zealand has already taken it one step further and has abolished 5-cent coins as well, rounding everything to the nearest 10. There's talk of doing that in Australia as well.
Keep in mind that the Aussie dollar is worth more than a US one, and Kiwi dollar is worth only 20% less, so we're talking similar amounts of value being rounded up/down.
Now, if only Australia hadn't compensated the abolishment of 1 and 2 cent coins with the GIANT 50 cent coins, my wallet would be very happy.