#penny-phase-out
#penny-phase-out

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Less pennies, more problems: Why retailers are pleading for exact change

Retailers are posting signs that pennies are unavailable, asking for exact change or rounding cash transactions to nickels or dimes.

Phasing out pennies creates rounding and change-making challenges for cash-dependent restaurants, prompting calls for clear national guidance.

McDonald's will round cash payments to the nearest five cents due to penny shortages after the U.S. Treasury moved to phase out penny coins.

The U.S. is phasing out the penny to save costs.

Production of the penny has become more costly than its value.

Taxpayers can expect to save an estimated $56 million annually.

The Trump administration plans to phase out the penny due to its cost inefficiency.

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