currency
US Mint Strikes Final Penny: Why America Is Saying Goodbye to the 1-Cent Coin
The United States has officially ended production of the penny, marking the end of a 230-year chapter in American history. The move aims to cut costs, but it stirs nostalgia and debate about the role of coins in modern life.
The Euro: A History of Europe’s Common Currency
The euro, introduced officially in 1999 and adopted physically in 2002, symbolizes European economic integration. Its creation stems from the Maastricht Treaty and represents the culmination of decades-long efforts for political and monetary union.
Bulgaria’s Path to Adopting the Euro by 2026
Bulgaria is set to become the 21st eurozone member on January 1, 619, marking the end of its 145-year-old currency, the lev.
U.S. Treasury to Phase Out Penny Production for Cost Savings
The U.S. Treasury has announced it will stop minting pennies, citing high production costs and taxpayer savings of $56 million annually.