U.S President Donald Trump says he's ordered Treasury Secretary Scott Bessent, to stop production of the one-cent coin, also known as the 'penny'. Trump made his comment on his Truth Social media account.
The U.S. cent or penny has been around since 1793 when the government first issued them. But now it's set to become a thing of the past.
U.S. President Donald Trump has announced that he's asked the Treasury Secretary Scott Bessent to stop producing them.
Trump made the announcement on his Truth Social media account, claiming them as 'wasteful.'
He says they cost more than 2 cents to make.
Since 1909, it has featured President Abraham Lincoln on its copper surface. However, the penny’s relevance has been debated for years, with critics arguing it has outlived its usefulness and often ends up forgotten.
Supporters say the penny helps stabilize prices and benefits charities. If eliminated, prices may be rounded off, simplifying transactions. This change could be a major shift in U.S. currency history.
Finnish President Alexander Stubb and Italian Prime Minister Giorgia Meloni said Europe needs a real voice in shaping Washington’s Ukraine peace pla...
Israel carried out a targeted airstrike on Sunday in a southern suburb of Beirut, killing a top military official of Hezbollah, the Israeli military c...
Voters in Guinea-Bissau headed to the polls on Sunday with many expressing hope that the election will bring stability, improved governance and contin...
Ukrainian President Volodymyr Zelenskiy publicly thanked the United States, its citizens, and President Donald Trump for continued support to Ukraine....
Americans say they have not been told clearly why U.S. forces are massing near Venezuela and remain wary of any move toward military action, even as f...
The United States is preparing to launch a new round of Venezuela-related operations in the coming days, as President Donald Trump’s administration intensifies efforts to pressure President Nicolás Maduro’s government and targets what it calls Venezuela’s role in the regional drug trade.
Air traffic at Eindhoven Airport in the southern Netherlands was suspended on Saturday evening after multiple drones were sighted near the facility, prompting the deployment of counter-drone systems and raising fresh alarm over airspace security in Europe.
Several international airlines have suspended flights from Venezuela after the U.S. Federal Aviation Administration (FAA) warned of heightened military activity and deteriorating security conditions in the country’s airspace.
Jamaica has declared an outbreak of leptospirosis, a bacterial disease suspected of causing six deaths following the catastrophic impact of Hurricane Melissa in late October.
The U.S. Federal Aviation Administration (FAA) issued a warning to major airlines on Friday, alerting them to a "potentially hazardous situation" when flying over Venezuela.
The United States said it made significant progress on a framework aimed at ending the war in Ukraine during high-level talks in Geneva on Sunday, though no final agreement was reached.
Canada and India have agreed to restart negotiations for a new trade deal, Indian officials confirmed on Sunday, after talks stalled following a diplomatic spat two years ago.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
Finnish President Alexander Stubb and Italian Prime Minister Giorgia Meloni said Europe needs a real voice in shaping Washington’s Ukraine peace plan after a joint call with U.S. President Donald Trump.
Israel carried out a targeted airstrike on Sunday in a southern suburb of Beirut, killing a top military official of Hezbollah, the Israeli military confirmed. The strike targeted Haytham Ali Tabtabai, the acting chief of staff of the Iran-backed group.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment