President Donald Trump has announced plans to put an end to the production of penny, which costs more than its value.
Trump wrote on the social truth: “For a very long time, the United States has vibrant pessimism that literally cost us more than two years,” Trump wrote on the social truth. “This is a very waste! I ordered the US Treasury Secretary to stop producing new penalties.”
He added: “Let’s carry out waste from the budget of our great nation, even if it is one fils at the same time.”
This is the last step for the president to reduce spending in the United States after taking office on January 20.
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President Trump plans to eliminate the new pennies link. (Olivia Oxley via AP)
The Ministry of Governor, which is led by billionaires, was published last month that the production of a shark costs American taxpayers tens of millions of dollars, indicating that it may be one of the elements that may be considering eliminating them.
Trump said the pennies are equal to less than the production. (Getty)
The Musk initiative, which aims to reduce $ 2 trillion of federal spending, did not directly state that a penny will be canceled, but it highlights that it costs three times more than it really deserves.
Trump said a penny “cost us more than 2 cents” for mint. (Donald Trump Campaign 2024)
According to American mint, each penny costs 3.69 cents for its production in the fiscal year 2024, which costs taxpayers $ 119 million. This represents the nineteenth year in a row as production exceeded its nominal value.
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Elon Musk is led by the Ministry of Government efficiency. (Anna Moneymaker/Getty Images)
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In the United States, Beni was one of the first coins made by American mint after its establishment in 1792. When it was first produced, the currency was larger and made of pure copper. The smaller day is mostly made of zinc, according to American mint.
Daniella Genovese of Fox News Digital contributed to this report.