Trump orders US Treasury to stop minting pennies

President says coins cost too much but activists blame US Mint’s accounting

US one cent coin penny

Donald Trump announced on February 9 he had ordered the US Treasury to stop minting the penny.

“For far too long the United States has minted pennies which literally cost us more than 2 cents,” the US president said on his Truth Social platform. “Let’s rip the waste out of our great nations [sic] budget, even if it’s a penny at a time.”

The so-called Department of Government Efficiency (Doge), an unofficial US government unit headed by Elon Musk, had posted on X in support of the measure on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.