[EMAIL PROTECTED] said:
> This is correct. The $ 0.05 granularity only applies to cash, as the
> smallest coin is $0.05. The $0.02 and $0.01 copper coins were
> withdrawn from circulation about 5 years ago now, although they are
> still legal tender!
> Cheques, bank transfers, credit charges, interest, etc, are still made
> out to an accuracy of $0.01.
In this situation, it seems reasonable to just use 100 as the denominator
for all AUS dollar accounts. Trying to maintain the 20/100 separation
may be difficult or impossible if we make some sort of "one denominator"
per account assumption, which is a very useful assumption to make.
Using 20/100 would mean that the UI could error-correct cash
transactions, but that's a small win for something that is likely to add
major complications to monetary calculations.
Jason D Rennie www.ai.mit.edu/~jrennie/
MIT: (617) 253-5339 [EMAIL PROTECTED]
MITRE: (781) 271-7249 [EMAIL PROTECTED]
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