A study in Canada advises that the nation should replace its $5 bill with a $5 coin.

That's among other recommended changes, including eliminating the one-cent coin and creating a 20-cent coin.

Here's a link to a PDF file (286 KB) of the study report, which as of this writing can also be found at Desjardins Group's Web site, in the Newsroom section on the home page. While I am not particularly familiar with Desjardins, it appears to be a cooperative network of financial services providers. You can explore the group's mission and services here.

The new study on circulating currency is titled "100th anniversary of the Canadian penny: An opportunity to re-examine the usefulness of our coins and bank notes in circulation," dated April 9, 2008.

While I would expect reactions to the suggestions to be mixed, I've noticed one commentator in the Montreal Gazette who doesn't like the idea.