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ID: 54787741 Video

Headline: U.S. Treasury Announces End of Penny Production to Save Millions

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The U.S. Treasury has confirmed it will cease production of the one-cent coin, commonly known as the penny, starting next year. This decision aims to save approximately $56 million annually, as the cost to produce a single penny has risen to 3.69 cents.

Keywords: Current affairs & Politics,U.S. Treasury,penny,one-cent coin,production halt,2025,56 million dollars,3.69 cents,1793,Donald Trump,wasteful,critics,supporters,price rounding,charitable fundraising,Canada,2012,cash decline,cashless society,cost concerns,American currency,economic efficiency.

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