The United States Treasury Department will stop making new cents, according to a statement on Thursday.
He Wall Street Journal First he informed that the United States government ordered its last cents in May, and the United States mint will stop manufacturing the currency of a penny when the final inventory of the whites of Centa is used. (Centa whites are flat metal disks that become coins).
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President Donald Trump ordered the mint of the United States in February to stop making cents, pointing out its high production cost. According to the American mint, it costs up to 4 cents to do only a penny.
The penny has been used as a currency in the US for about 233 years and was first introduced in 1792.
The last cents to enter the circulation will occur in early 2026.
What does that final penny production for small businesses mean?
Consumers will continue to be able to use cents to pay purchases, the Treasury department said. That is, until copper plated coins are exhausted. There are still around 114 billion cents in circulation, according to the New York Times.
In the statement, the department said that after the last lot, making an exact change could be a thing of the past. This is because it is possible, there are not enough cents for daily transactions in cash.
The US Treasury said that companies will receive instructions to start “rounding or lowering the 5 closest cents,” when HET occurs, says the statement.
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