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Rising cost: US to stop minting new pennies
Hindustan Times Lucknow
|February 11, 2025
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
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WASHINGTON:
"For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" Trump wrote in a post Sunday night on his Truth Social site. "I have instructed my Secretary of the US Treasury to stop producing new pennies."
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