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Cash Rounding

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Penny Shortage Forces Grocery Stores to Rethink Change Policies

Originally Published 2 months ago — by The Takeout

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Source: The Takeout

The US Treasury's decision to stop minting pennies by 2026 is causing grocery stores like Kroger and Kwik Trip to adjust, with some rounding cash transactions to the nearest five cents, potentially increasing costs for consumers and raising legal and logistical questions. The move aims to save costs but may lead to changes in pricing and payment practices, especially for cash transactions, affecting consumers and businesses alike.