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flag U.S. plans to stop minting pennies to save money, as production costs exceed face value.

flag The U.S. Treasury Department plans to stop minting pennies, as each coin costs nearly four cents to produce, aiming to save $56 million annually. flag Pennies will remain legal tender, but the phase-out may lead stores to round prices to the nearest nickel. flag This move follows similar actions by Canada, New Zealand, and Australia. flag Fewer than one in five payments are made with cash, making the transition less disruptive.

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