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How New Rounding Rules Will Impact Your Cash Purchases With End Of Penny Production
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How New Rounding Rules Will Impact Your Cash Purchases With End Of Penny Production
With the US Mint officially ending penny production in late 2025, new rounding rules are being implemented across the country to adjust cash transactions. The decision to end penny production was driven by rising costs and declining use of physical cash. Each penny cost 3.69 cents to produce, according to the US Mint, making it economically unsustainable. The move follows similar actions by countries like Canada, which phased out its penny in 20…
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