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Currently Browsing: Results for Tag "coins"

Company pays out staff wages in coins, leading to massive backlash

Company pays out staff wages in coins, leading to massive backlash 200 employees from a bus company were surprised on payday — not by the amount of money they got, but by their weight.The Baoying Car and Transport Company from Yangzhou, China, decided to pay employees their wages of up to hundreds of dollars each, in 1 yuan coins — the lowest denomination, worth about 15 cents USD.

South Korea could soon bid farewell to coins—for good

South Korea could soon bid farewell to coins—for good The Bank of Korea launched on Thursday a project allowing people to deposit their spare change into prepaid card value.A bank survey showed that over 60 percent of South Koreans say they didn't carry coins anymore, with slightly over half of the respondents saying they preferred to go coinless.