Episode 412: What is the impact of stopping penny production?

This episode examines a blog post from PCBB titled “The impact of halting penny production.” As a result of high production costs, the US Mint will discontinue printing pennies in 2026. What does this mean for banks, businesses, and consumers? Banks may see adjustments serving cash-based businesses and coin inventory changes. Businesses may need to change their marketing strategies and how they price certain items. Consumers could see a disproportionate impact on unbanked and low-income families. A link to the blog post is included below.

Link: The Impact of Halting Penny Production