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How to eliminate Penny will change cash transactions

remon Buul by remon Buul
May 27, 2025
in Business
0
How to eliminate Penny will change cash transactions

The penny in America faces its Final racing beans As the US Treasury sets in is planning to stop production at the beginning of 2026. But do not expect the room to disappear right away. The approximately 114 billion cents already there – again to fill a 13 -storey cube, by estimates – will remain as a call for offers, passing your hands through the funds through the country, Cnn Reports. Cash retailers, in particular convenience stores, could be among the last places to see the room disappear. They manage approximately 32 million cash transactions every day and will probably continue to use money until local banks lack jets.

Once this happens, many stores should start to complete cash transactions to the nearest nickel, but it will not be a general policy – the decision will fall to individual retailers. Buyers will notice little immediate impact on electronic transactions, which will always go to penny. The National Federation of Retail indicates that the objective is to make the transition as hassle as possible. If the Canadian experience has offered a guide – the Pennies have been out of production in Canada since 2012, but are still recognized as the legal – the final of the Penny in the United States could take years, even decades.

In the midst of serious repercussions, the New York Times previously explored what could happen to the emblematic Penny Loafer. “It will be a Dime’s moccasin,” predicted Martha Stewart, attending Fashion Week in New York. Another idea is to decorate shoes with something other than a medal. “Simply replace it with strange things like Teletubby plush mini or something,” said stylist Gabriela Karefa-Johnson. (This content was created with the help of AI. Read our AI policy.)

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