Canada stops pennies circulation' saying "nuisance and have outlived their purpose".

Coins fill jar.

The Royal Canadian Mint on Monday officially ended its distribution of pennies to financial institutions. Canadian Finance Minister Jim Flaherty announced last year they were a nuisance and have outlived their purpose.

While people may still use pennies, the government has issued guidelines urging store owners to start rounding prices to the nearest nickel for cash transactions. Electronic purchases will still be billed to the nearest cent.

The government has said the cost of the penny exceeds its monetary value. Production is $11 million a year. The coins, which feature two maple leaves and Queen Elizabeth II in profile, will remain legal tender until they eventually disappeared from circulation.

EB