Trump Calls for End to US Penny Production: Is the One-Cent Coin Obsolete?
2025-02-10
Reuters
In a shocking move, President Donald Trump has announced that the production of the US penny will come to an end. The decision, aimed at reducing costs, has sparked debate about the relevance of the one-cent coin in modern times. With the rise of digital payments and increasing production costs, the penny's demise may be a step towards a more efficient financial system. As the US Treasury Secretary Scott Bessent begins to phase out penny production, Americans are left wondering what this change will mean for the country's currency. The end of the penny era may be near, but its impact on the economy remains to be seen. Digital currency and financial reform are likely to be affected by this decision.