Former President Donald Trump has directed the Treasury Department to stop minting new pennies due to the increasing costs of production, igniting a debate on the penny’s relevance in the currency system.

In a recent announcement, former President Donald Trump revealed that he has instructed the Treasury Department to cease the production of new pennies. This decision arises from concerns regarding the escalating costs associated with manufacturing the one-cent coin. The move has sparked discussions on the practicality and relevance of maintaining the penny in the U.S. currency system, particularly as opinions are divided on its utility and cost-effectiveness.

In summary, the Trump administration’s decision to halt penny minting is driven by economic considerations regarding production costs. The viability of the penny has been called into question, leading to an ongoing debate over its future in the U.S. currency system.

Original Source: www.goshennews.com