President Trump has instructed the Treasury Department to stop producing new pennies due to rising production costs, reflecting a shift in monetary policy as the government addresses financial concerns related to coinage.

In recent news, President Donald Trump announced plans for the United States Treasury Department to cease the minting of new pennies. This directive stems from concerns regarding the escalating costs associated with the production of the one-cent coin. The financial implications of continuing to produce pennies have prompted this examination of their practicality and viability in today’s economy.

In summary, the decision to halt penny production reflects an effort to address rising manufacturing costs. By discontinuing the production of this currency, the U.S. government aims to streamline monetary practices and adapt to modern economic challenges.

Original Source: www.goshennews.com

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