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Sunday, June 2, 2024

Possible coin shortage in U.S.?

Credit: WKTV
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Possible coin shortage in U.S.?
Possible coin shortage in U.S.?

Bank officials say the coronavirus pandemic has slowed the flow of coin, and it may present new challenges if the trend continues.

Credit or debit card at a retail store because of a coin shortage?

Chalk it up to the latest victim of the coronavirus.

Basically, it's slowed the flow of coin through all of the typical avenues where coin moves.

The fed saw it coming, and notified banks the second week of june that they were going to be very limited in terms of what coin they could obtain from them.

And at this point, it's not yet clear whether it will get better or worse in the coming weeks.

4:47 "they're indicating that the circulation will continue to improve as things open up but at the present time, we do anticipate if things stay as they are right now, by the end of summer, we will be at a point where it could become a challenge for us" 5:03 cotton says this mostly affects their commercial customers and the rest of us shouldn't have to change our habits.

Just be prepared to perhaps be asked to use your card instead of cash at some spots.

She says she's never seen anything like this in all the years she's been in banking.

Lets go county by county with

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