The City of Perth Amboy, NJ announced it will begin rounding all cash payments to the nearest dollar once its remaining supply of pennies runs out, following the U.S. Mint’s decision to stop producing the one-cent coin nationwide.
City officials said the change, expected to take effect in mid-December, will affect only cash transactions for taxes, utilities, and other municipal services. Payments made by check, debit card, credit card, or online will still be processed for the exact amount owed.
According to the U.S. Department of the Treasury, banks will no longer receive or distribute pennies, and the coins currently in circulation will gradually phase out as supplies diminish. Perth Amboy offices still have a limited number of rolled pennies available for daily use but expect to deplete that stock soon.
Under the city’s new policy, outlined in a memorandum from the mayor’s office, any overpayment resulting from rounding will be credited to the customer’s next quarterly tax or utility bill. Officials emphasized that the goal is to maintain fairness and accuracy while adapting to the nationwide transition.
And so it begins...
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This price is still at $ 71.99 - that's a helluva deal. Take a look.
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Dollar Tree has already raised their prices for. 1.25 to 1.50 to accommodate the penny loss. Oh yeah, and by the way, it’s Trumps fault.
ReplyDeleteDictating the abolition of the penny is one more evil step toward CBDC, and CBDC is a major component of the accelerating tyranny.
ReplyDeleteThat is stupid. Round up or down to the next 5 cent mark. Banks need to keep issuing and receiving pennies. There is enough pennies in circulation it could take 30 years to get to levels that affect the economy. By banks not accepting pennies back makes pennies worthless on face value.
ReplyDeleteWhat a bunch of crooks. Why not round up to the next nickel?
ReplyDeleteWhy not just round it to the closest nickel? It ain't rocket science.
ReplyDeleteWhat? Can't round up to the nearest nickel? Whattabuncha douchebags.
ReplyDelete