Telser [Telser, L.B., 1995. Optimal denominations for coins and curren
cy. Economics Letters 49, 425-427.] has shown that the problem of Bach
et helps answer the question of the optimal denominational structure o
f currency in the U.S. and U.K. This note provides further evidence to
support this claim using cross-country data. (C) 1997 Elsevier Scienc
e S.A.