President Donald Trump has ordered the Treasury Department to cease minting pennies due to the rising costs of production. This announcement may alter the future of U.S. currency.
In an official statement dated February 10, President Donald Trump announced that he has instructed the Treasury Department to discontinue the minting of new pennies. This decision stems from the increasing costs associated with producing the one-cent coin, which has been a longstanding concern regarding its economic viability. Given the rising expenses, this directive may signify a significant shift in U.S. currency policy.
In summary, President Trump’s directive signals a potential end to the production of pennies, a move motivated by their rising production costs. This development may lead to broader discussions about the value and necessity of low-denomination coins in the United States economy.
Original Source: www.goshennews.com
