2025-05-22 19:10
publication
2025-05-22 19:10
The American Ministry of Finance announced on Thursday that it ordered the last batch of one – % coins to break out, after which it will not order them anymore. In this way, it is to save $ 56 million a year, because the cost of their production over three times exceeds their value.
As reported in a statement for journalists, the ministry, the order for tin-coat discs placed in May will be the basis for the ministry of the last series of one cent. The ministry stated that this is “another example of limiting the waste of money of American taxpayers.” According to “Wall Street Journal”, the last coins from this series will go to circulation next year. A representative of the Ministry of Finance said that when the last one centuries end, Entrepreneurs will have to round prices to 5 cents. This will not happen soon, because currently there are 113 billion of these coins in circulation.
The American Mint, US Mint, lost $ 85.3 million at $ 3.2 billion last fiscal year. Future savings resulting from the cessation of production are estimated at $ 56 million. annually. The report from this year indicates that the cost of producing one one centurition is 3.69 cents. Stranging from 19 consecutive years is also brought by the beating of five centuries, popularly known as boring, which cost 13.78 cents. This is the effect of rising metal prices. One centuries are composed of 96 percent. with zinc and 4 percent copper, while five -cent -allocated 75 percent copper and 25 percent Nickel. So far, however, there are no plans to withdraw the latter coins.
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In February, President Donald Trump, who drew attention to the cost of coins, called to stop the production of one -centuries. The idea itself is not new, however, because it was publicly spoke about it in 2015. Finance Minister Jack Lew during Barack Obama's rule.
From Washington Oskar Górzyński (PAP)
OSK/ MMS/
