The Treasury puts a final order for new pennies

After the Americans have served honestly since 1787, Benny is on his way to retirement. The US Treasury announced that it will not make any other requests to Penny Blanks. This means that once the current supplies are run out, new pennies will not be entered in trading.

Washington Post I mentioned That the treasury put its final request for the voids this month, with expectations that it will be implemented by early 2026. You can continue to spend the penalties as usual after that. But at some point, companies will have to start closing up or down to the nearest 5 cents for cash transactions.

Why does the ax shark happen? Well, according to 2024 annual report in the United States for 2024The pennies cost approximately 4 cents to produce and distribute. Part of this is due to the high costs of materials. The pennies are made primarily from zinc and their price For every metric ton It has more than twice since 2000.

Over the years, Benny production has decreased anyway. In 2024, mint achieved only 3.2 billion Pene 11 billion every year In the nineties. But the last fiscal year, mint still has lost $ 85.3 million on the penalties it produced. In the post, the agency estimated that it would save $ 56 million annually of the costs of reduced materials.

“Given the cost savings of taxpayers, this is just another example of our management to reduce US taxpayers and make the government more efficient for the American people,” a cabinet spokesperson I told Axius In a statement.

Talks about the disposal of sharks have been present for some time. For example, former Treasury Secretary Yaqoub Louis Improved Her production in 2016. The Americans also have I grew more suitable for the ideaPerhaps because the use of Benny in our daily life has decreased. Per Yougov, about a third of the Americans do not spend in penalties, with adults under the age of 30 they use at least.

Again in January, Dog took the target of a pennyAfter a month, Trump continued with a loud social fact about “hydrogen” penniesI write, “I have ordered the US Treasury Secretary to stop producing new books. Let’s carry out waste from the budget of our great countries, even if it was a penny at the same time.”

In order to be fair for People, the high production costs have reached all coins. For example, a quarter It costs 25 % more to make in 2024 From the previous year (compared to a 17 % Benny increase). Like Penny, the nickel is also the most expensive to produce and distribute than it really deserves.

Getting rid of the percentage that no one heard. New Zealand and Australia to stop In 1989 and 1992, respectively, and Canada Stop producing pennies In 2012. The United States stopped other coins before, the most recent of which was a 20 -dollar golden currency.