Cnn
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President Donald Trump announced on Sunday that he had asked the secretary of the Treasury Scott to stop the production of money, citing the high cost of the production of a hundred.
“For too long, the United States has had sub-frappes that have literally cost us more than 2 hundred. It’s so a waste! I asked my American Treasury Secretary to stop producing new money. Let us tear off the waste of our budget of the big nations, even if it is a penny at a time, “said Trump in a job Social media when he returned to Washington of the Super Bowl.
The penny has been under fire for years, with the movement to eliminate Le Penny picking up steam last month after Elon Musk government efficiency department Posted on X drawing attention to the high cost of production of the mono-cente piece.
Last year, a story of the New York Times Magazine pleaded for the abolition of the medal. “The need to abolish the penny has been obvious for people in power for so long that the inability to accomplish it transformed the piece into a deeper symbol of rot,” noted the room.
Cnn reported The American currency in 2023 reported it broadcast About 4.1 billion cents. During fiscal 2024, the American currency said in its Annual report That the American penny costs approximately 3.7 cents to produce and distribute, up more than 20% compared to the previous year. The increase in the cost of metals, including zinc and copper, is part of the reason why it becomes more expensive to make the room.
In 2013, A comment article on the Broking Institution website did things further, pleading for the United States not only to stop doing the penny, but also to stop the production of nickel.
“Maybe the problem is not that the defenders were too daring, but rather that they were too shy – drop not only cents, but also nickels and stopped using the most decimal to right, “said the room.