America to go 'penniless' as Trump orders to stop the production of 'high-cost' currency coins
- Posted on February 10, 2025
- By Business News Today
- 1 Views
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America to go 'penniless' as Trump orders to stop the production of 'high-cost' currency coins
![](https://img.etimg.com/thumb/msid-118106982,width-1200,height-630,imgsize-69660,overlay-economictimes/articleshow.jpg)
President Donald Trump has instructed the U.S. Treasury to stop producing pennies, citing wasteful costs. The decision, prompted by Elon Musks Department of Government Efficiency, aims to reduce government spending and save millions as the penny costs more to produce than its face value.