India, Feb. 10 -- Donald Trump has said that he has ordered the Treasury Department to stop minting new pennies, citing the increasing cost of producing the one-cent coin. This is Trump's latest move amid a sort of rapid-fire effort by his new administration to enact various drastic changes, including in issues like immigration, gender and diversity.

In a Truth Social post, the US president wrote, "For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let's rip the waste out of our great nations budget, even if it's a penny at a time."

Trump had not revealed his plans or expressed his desire to...