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.
Whenever I get pennies (or any change less than a quarter, really, and only then because quarters are useful for vending machines), it goes into the ‘Take a penny, leave a penny’ cup or a tip jar anyway. I use cash rarely enough as it is and I hate having change in my pocket.
Let’s hope this is not an omen of rising inflation.
Canada did it years ago.
Ends up being a benefit for companies since they ensure that all prices inevitably round up when you use cash.
Other than that it’s a non issue if you don’t use cash.
Whenever I get pennies (or any change less than a quarter, really, and only then because quarters are useful for vending machines), it goes into the ‘Take a penny, leave a penny’ cup or a tip jar anyway. I use cash rarely enough as it is and I hate having change in my pocket.
Trump having his own rival currency is the omen of rising inflation. We thought congresspeople holding stocks was bad.