Trump: Stop manufacturing one-cent coins

» Published:

Trump: Stop manufacturing one-cent coins
Photo: Jenny Kane/AP/TT

Share this article

The President of the USA, Donald Trump, announces that the American one-cent coins, so-called "pennies", will cease to be manufactured.

"For far too long, the USA has minted pennies that literally cost us more than 2 cents. This is so wasteful!", Trump writes on the platform Truth Social.

"I have instructed my minister for the American finance department to stop producing new pennies. Let us stop wasting our great nation's budget, even if it's a small amount at a time."

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Klarna Stock Surges Over 30 Percent in Initial NYSE Trading

Klarna Stock Surges Over 30 Percent in Initial NYSE Trading

Klarna CEO Outlines Strategy to Dominate Global Payment Market

Klarna CEO Outlines Strategy to Dominate Global Payment Market

SEC Challenges Global Sustainability Reporting Standards

SEC Challenges Global Sustainability Reporting Standards

Spotify Introduces High-Resolution Sound for Premium Users

Spotify Introduces High-Resolution Sound for Premium Users

LKAB to Invest 6 Billion Kronor in New Gällivare Sorting Plant

LKAB to Invest 6 Billion Kronor in New Gällivare Sorting Plant

Larry Ellison Becomes World's Richest, Surpassing Elon Musk

Larry Ellison Becomes World's Richest, Surpassing Elon Musk

High Electricity Prices in Sweden as Several Nuclear Reactors Halted

High Electricity Prices in Sweden as Several Nuclear Reactors Halted

Oracle Stock Soars 30% on Boosted Cloud Investment Forecast

Oracle Stock Soars 30% on Boosted Cloud Investment Forecast

Government Plans to Lower Hiring Costs for Young People

Government Plans to Lower Hiring Costs for Young People

Norwegian Interest Rate Cut Possible Amid Stable Inflation

Norwegian Interest Rate Cut Possible Amid Stable Inflation

Swedish Economy Sees 0.2% GDP Decline in July

Swedish Economy Sees 0.2% GDP Decline in July

Klarna's Valuation Criticized as Unfair by Chief Analyst

Klarna's Valuation Criticized as Unfair by Chief Analyst

Zara Owner Inditex Sees Profit Rise in First Half of Fiscal Year

Zara Owner Inditex Sees Profit Rise in First Half of Fiscal Year

Clas Ohlson Stock Jumps 13% Amid Slight Stockholm Market Dip

Clas Ohlson Stock Jumps 13% Amid Slight Stockholm Market Dip

Novo Nordisk to Cut 9,000 Jobs Amid Organizational Changes

Novo Nordisk to Cut 9,000 Jobs Amid Organizational Changes

Clas Ohlson Sees Profit Rise in First Quarter with Strong Sales

Clas Ohlson Sees Profit Rise in First Quarter with Strong Sales

Used Electric Car Sales Surge in First Half of the Year

Used Electric Car Sales Surge in First Half of the Year

Handelsbanken Predicts Final Interest Rate Cut in September

Handelsbanken Predicts Final Interest Rate Cut in September

District Heating Prices Surge Again with Aggressive Increases

District Heating Prices Surge Again with Aggressive Increases

Asian Markets Mostly Rise in Wednesday Trading

Asian Markets Mostly Rise in Wednesday Trading