Donald Trump has ordered the US Treasury to prevent the production of coins from releasing new money, calling it “waste”.
The president said in one, “The United States has long been hit by shanks, which literally costs more than 2 cents.” True Social Post Sunday night when he left the super bowl in New Orleans. “Let’s cut the garbage from the budget of our great nations, even if it is a penny at a time.”
Although Trump did not mention the elimination of money in his campaign, Elon Musk’s controversial “Department of Government Performance” (Dodge) focused on the cost of making coins. In a post in January.
“In the financial year 2023, US taxpayers cost more than $ 179 million and cost more than 3 cents,” he added, adding that 4.5bn money was made in this financial year.
So far, the Department of Treasury, which oversees the mint, has not publicly announced a plan to prevent the production of pie. The department also did not immediately respond to the Guardian comment request.
American mint developed Approximately 3. 3.2bn Pennies In 2024, mostly in any other coin, at the loss of 85.3m. The production of money costs about 3.0 3.07 cents, which increases to 3.01 cents in 2023. But most money is never spent on circulation, which is mobilized to create American mint.
It is unclear whether Trump has the power to stop the production of money as Congress or not Monitors preparation Of coin currency
But the United States will be one of the several countries to prevent the preparation of the less divided cents. Due to the cost of production, Canada stopped producing one percent of its coins, also known as Penny. Ireland, the Netherlands, Brazil and others also stopped manufacturing or circulating one percent of coins.
The latest declaration by Trump represents one of many immediate changes, in which he has implemented less than a month in his second presidency, changing the name of the Gulf Mexico and eliminating plastic straws. The purpose of efforts to do.
