Tag: rounding
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US Pennies Shortage: How Retailers Are Adapting as One-Cent Coins Fade Away
The Penny Problem: Why Stores Are Rounding Down In a surprising shift, US retailers are increasingly rounding cash sales to the nearest five or ten cents after the traditional one-cent coin has largely disappeared from circulation. Following the decision to halt new minting of the one-cent coin for circulation earlier this year, many cash transactions…
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Pennies Run Dry: How US Retailers Are Coping as One-Cent Coins Fade Away
The Penny Shortage and What It Means for US Retailers When the Trump administration halted the minting of one-cent coins earlier this year, the consequence wasn’t just a curious financial policy footnote. It set off a chain reaction through wallets, tills, and daily transactions. As the remaining pennies dwindle from circulation, retailers across the United…