Each Penny coin costs $ 0.037 to be produced by 2024, according to the Mint of the United States; Doge, led by Elon Musk, attracted attention to the cost of production at the end of January
The president Donald Trump he instructive the secretary of the Treasury of United States THE Stop the production of new coins of a penny. In a statement published on Sunday evening late, 09, on Truth Social, Trump says that the coins of a penny costs more than $ 0.02 e “This is a waste!”
“We will eliminate the waste of the budget of our great nation, Even if it is a penny at a time“, He derided.
The end of the production of a penny coins was not a promise of the president’s campaign. The possibility was raised by the Department of Efficiency of the New Creation Government (Doge), led by the billionaire Elon Musk.
In a post on X (old Twitter)The folder highlighted the cost of the production of a penny of a penny, which is ordering more than $ 0.03 to be ordered.
According to the United States mint, 85.3 million dollars were lost in the tax year of 2024, they ended in September, in the almost 3.2 billion cents that he produced. Each penny costs almost $ 0.037, with an increase of 19.35% compared to $ 0.031 per currency of the previous year.
The coin also loses money with $ 0.05 coins, which cost $ 0.14 for production.
The Penny costs over 3 cents to do and cost taxpayers of over $ 179 million in the year 201023.
Mint has produced over 4.5 billion cents in the fiscal year 2023, about 40% of 11.4 billion coins for coins for the circulation produced.
Penny (or 3 cents!) For your thoughts.
Sources:https://t.co/y5llrpy62…
– Department of Efficiency of the Government (@Doge) January 22, 2025
It would not be the first time that the United States would eliminate its less precious currency. The average currency was suspended by Congress in 1857.
The new Trump administration focused on shopping, with Musk, which was hired to guide the task, aiming for entire agencies and large sectors of the federal workforce while trying to identify a lens from 2 trillions of dollars in economies. /With information from AP
Source: Terra
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