Trump orders halt to production of new coins.
U.S. President Donald Trump has ordered a temporary halt on the production of new coins by the U.S. Treasury Department due to increasing production costs and declining usage of small coins. This decision aims to control government spending and encourage cashless transactions. The move has sparked mixed reactions, with some supporting it while others express concern over its impact on small businesses and daily cash transactions.
U.S. President Donald Trump has made a significant decision. He issued an order to temporarily halt the production of new coins by the U.S. Treasury Department. This decision was made in light of the increasing cost of manufacturing coins. The usage of small coins has been steadily decreasing, and with the rise of digital transactions, the importance of coins has diminished, as noted by Trump. Therefore, he stated that there is no need to mint new coins.
Trump mentioned that the production costs of coins like nickels and pennies are currently higher than their actual value. The decision seems to be aimed at reducing production costs. Treasury Department officials believe this move will help control government spending. However, this decision has sparked mixed opinions across various sectors. While some groups support it, others oppose it. Experts suggest that small business owners and individuals who rely on daily transactions could be impacted by this change. If this decision is implemented, coin usage in the U.S. may completely decline in the future. Analysts believe this could further support the promotion of cashless transactions.
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