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America revokes a penny coin as the production is too expensive

The US government is suspended by the production of coins from Penny after decision in the Congress, adopted voices and Republicans and Democrats, to abolish the lowest apoos of US currency in order to reduce costs, the US Ministry of Finance.

The statement states that he will stop releasing new Penny in circulation until the beginning of 2026, Reuters conveyed.

According to the Ministry of Finance, Pennya production costs increased by 1.3 cents per coot at 3.69 cents in the last 10 years, it will stop the current annual savings of 56 million dollars (about 50m euros).

In February, the US President Donald Trump ordered Minister of Finance Scott Benset to suspend the production of the mentioned coins, and the spending of money on the forging pennies described as wasteful.

In recent weeks, Republican and Democratic Deputies presented separate laws in Representatives and Senat, which are invited to interrupt the production of pennies.

Change means that all market participants will have to complete cash transactions at the highest or lowest to the nearest five cents as the number of Penny in circulation decreases.

Penny was first issued by the US government in 1793. years, and since 1909. The PROJECT OF ABRAHAM LINVOLNA is adorned with a coin, which was made of zinc and copper.

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