00:00After returning to power, Donald Trump is taking decisive decisions one after the other.
00:11Once again, he issued a shocking instruction.
00:14Trump has instructed the Treasury to stop the minting of new coins.
00:18That is, coins will not be minted in America now.
00:21It has been banned from making new coins.
00:24Why did Trump take this decision? Let's find out.
00:26As a matter of fact, Trump is continuously taking drastic steps to strengthen America's economy.
00:32And Trump has also given a hint of more costing behind it.
00:36US President Donald Trump has ordered the country's budget to stop unnecessary spending.
00:43He has also ordered to ban the minting of new pennies.
00:48Trump said that the cost of minting a penny is more than 2 cents.
00:53That is, it is double, which is detrimental to the government.
00:57Let me tell you that a penny is equal to the 100th part of the US dollar.
01:01In America, in 1857, the minting of half a cent was stopped.
01:05And since then, the penny, i.e. a penny of one cent, has become the smallest unit of the US currency.
01:11Trump wrote on his social media platform Truth Social that
01:14for many years, America has been minting pennies for no reason.
01:18Which is more expensive than the cost.
01:20And this is a very useless expense.
01:22I have instructed my finance minister to ban the minting of new pennies.
01:27In 2023, US Mint minted 4.1 billion pennies.
01:32In fiscal year 2024, US Mint said that a penny is worth 3.7 cents.
01:39And this is 20% more than last year.
01:42The minting of coins has become more expensive due to the increase in the price of zinc and copper metals.
01:48In 2013, the Bronkin Institutions also advocated banning the minting of pennies.
01:53Trump announced this in New Orleans during the first half of Super Bowl 2025.
01:58His government has been insisting on cutting expenses.
02:02And is also trying to eliminate government agencies and reduce the number of employees.
02:08Last month, the Department of Government Efficiency, i.e. DOGE,
02:12talked about the impact of the minting of pennies.
02:15Since then, the demand to stop it has increased.
02:18According to Trump, Elon Musk's Department of Government Efficiency, i.e. DOGE,
02:22has raised many financial uncertainties in the Treasury Department.
02:26He indicated that some government payments may be made in the wrong way.
02:31Due to which the situation of the US debt may be better than the actual data.
02:35The government has claimed that the payment of the Treasury Department
02:39can reduce the country's budget deficit in the future through reform and improvement.
02:44However, a number of judges have currently stopped DOGE from reaching the Treasury data.
02:49And has also ordered to destroy the data collected by them.
02:53So for now, the news is that Trump has banned the minting of new pennies in America.
03:01If you look at it from a financial point of view,
03:03then how did you like Trump's decision?
03:06Do tell by commenting.
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