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.
Trump having his own rival currency is the omen of rising inflation. We thought congresspeople holding stocks was bad.
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.