Beni production has been ended for decades between government and economic officials. However, the conversation became a policy when President Donald Trump ordered, during the weekend. to stop.

“For a very long time, the United States has anxious pennies that literally cost us more than two years. This is a very waste!” Trump wrote in a publication on Sunday night on his social website. “I ordered the Secretary of the US Treasury to stop producing new books.”

Trump’s attack on a shark came after Doug Elon Musk had already targeted the coin to eliminate it. Among all the controversial battles that the Trump administration finds and keep themselves in government spending, this is the battles that most economists and others in the monetary ecosystem do not ignore.

According to the Federal Reserve, there are 114 billion bonds of trading, 1.14 billion dollars, or 0.006 % of the money traded. 192 million dollars per year costs a penny, about 4 % of the mint operating budget, but only 0.00003 % of the American federal budget. These expenses make a consumer shark, according to the economists.

David Jolie, a professor of economics at Bentley University, said that the estimated cost of making a penny, by about three cents, is an economic burden, “Because millions fade under the sofa pillows every year, American mint must produce a steady flow of alternatives.”

Prices closer

But removing a penny can change the prices of many small goods.

“Prices should be brought to the earliest five cents to allow cash payments and the correct change that has been received again – that will be a capacity of capacity of fast food 6.99 dollars, adding that it is not clear whether companies tend to rotate up or down,” Jolie said.

This pricing decision does not matter, as some cite the effect of Benny on inflation, but even this looks little.

“Companies may often exceed more than decrease, leading to a slight inflationary effect,” said David Smith, a professor of economics at Gratsheidy School at the University of Biberine. But he added that studies have shown that rapprochement to the nearest nickel does not lead to great enlargement.

In Canada, which was canceled in 2013, cash transactions were brought to the earliest five cents, based on the total amount of treatment, and not every individual element.

Ajay Patel, a professor of finance at the Wake Forest University’s Business Faculty, said to the extent that occurs more frequently than approximation, as cash consumers will pay the cost of the cost efficiency that Trump and Mousics are looking for.

Canada’s experience in eliminating Benny shows that there are some additional costs for consumers to bear. The newspaper “Christina Cyung”, a paper by Canadian economists in 2017, found that the adherence to the penny in grocery transactions imposed a “circular tax” of about $ 3.27 million, from Canadian consumers to grocery sellers. For a model grocery store, this is an additional revenue estimated at $ 157, indicating the minimum impact on individual consumers.

The remaining cash consumers are beaten from America

Patel notes that the disposal of Benny will only lead to the elimination of itself, and not necessarily something that costs 5.16 dollars. “Anyone who writes a check or uses a debit card or credit card can have the correct amount paid due to the lack of actual money changes, and the buyer will not have to pay or return the seller by the seller,” he said.

There are still people who use money for many payments, and these consumers will be the most influential, but the effect will be modest, according to Juli, with more payments from the material currency. Recently in 2015, a third of the transactions in the United States were cash, but this has now decreased to less than 20 %, and is expected to continue to decline.

But this means that people at the bottom of the economic ladder may feel that any disk disk is more than others.

Patel said: “Individuals who pay for this benefit are those who buy products and services using cash and will continue to do so to move forward because they are either not bankers or are unable to reach debit cards or digital wallet.”

Gates Little, CEO of Al -South Bank, which is based in Alabama, said the financial services sector will not miss the penalties.

“The elimination of the United States shark will not make any difference in the economy,” Little said. “I can’t think about how it can hurt.”

Patel noted that President Trump only ordered the stopping to obtain new penalties, not to purify it from use in the currency system. So people can continue to use pennies until they are slowly re -absorbed into the banking system and finally dissolved for zinc and copper recycling. Patel says that the actual abolition of the penny is contracts in the future.

The value of your preserved blonde may increase

However, Little said, that the stored in the jokes stored in pork banks, thunderbolts, and hiding under your car seats will gradually increase in value.

“The pennies will become more rare over time and ultimately increase in value. In the near term, useless, depending on how they treat the cabinet. I think it should be in stages so that people can convert them into other groups and Little said:” Removing it from the system. “

There are pockets of population throughout the country, as they are concerned with both results. Laura Mike, from Berton, Ohayu, notes that Al -Amish will feel the pinch now.

“Here in a northeastern country of Ohio, we are still using penalties regularly,” Mike said about her area, which includes thousands of amyish who uses cash money. “How will this only work for cash transactions? It will be impossible to give accurate change like a buyer or seller.”

Make is more difficult, though, in a world where the end of the shark is an increase in value.

“I have a wheat shark sitting in my jewelry box because I knew when I found that about 20 years ago they became more difficult to find it,” said Mike.

The penalties depicting two beams of wheat were stopped in favor of Lincoln’s releases today in 1958.

Smith said there are other benefits to get rid of heavy penny to transportation.

“The elimination of a penny will save taxpayers millions of dollars every year. In addition, the production of pennies has environmental costs, including zinc and copper mining, which may have a positive environmental impact.”

Some Americans interact until the end of the shark in a sense of humor. “How will people give a year?” Eileen Keelhouls, retired in Bright, said Indiana.

But it is not a matter of joking completely. “It is time to start monitoring another currency in the Pork Bank: The Nickel.

“It is the nickel that we must feel anxious,” said Throckmorton.

It takes three cents to make a shark, but 11 cents to make nickel.