{"id":18957,"date":"2020-07-01T19:58:00","date_gmt":"2020-07-01T16:58:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/national-coin-shortage-has-retailers-pleading-for-exact-change\/"},"modified":"2020-07-01T19:58:00","modified_gmt":"2020-07-01T16:58:00","slug":"national-coin-shortage-has-retailers-pleading-for-exact-change","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/national-coin-shortage-has-retailers-pleading-for-exact-change\/","title":{"rendered":"#National coin shortage has retailers pleading for exact change"},"content":{"rendered":"

“#National coin shortage has retailers pleading for exact change<\/strong>”<\/p>\n

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July 1, 2020 |<\/span> 12:58pm <\/p>\n

\n The coronavirus crisis has sparked a nationwide coin shortage that reportedly has retailers pleading with customers for exact change.<\/p>\n

The Federal Reserve revealed last month that the pandemic had \u201csignificantly disrupted\u201d the supply chain and circulation patterns for America\u2019s metal money. The US Mint has slowed production of coins because of measures meant to protect workers amid the crisis, while coin deposits from banks have also fallen in the past few months, the central bank said.<\/p>\n

With demand for coins rising as states began to reopen, the Fed on June 15 started limiting how many pennies, nickels, dimes and quarters it distributed to banks as part of its efforts to \u201cmitigate the effects of low coin inventories.\u201d<\/p>\n

Retailers have since started advising customers that coins are in short supply. Some Lowe\u2019s hardware stores have posted signs urging shoppers to pay with exact change or use other forms of payment, as have convenience stores such as 7-Eleven, Pilot and Circle K, according to news<\/a> reports and social media<\/a> posts.<\/p>\n

\u201cAt this point we\u2019re having to call daily to get coin,\u201d Karen Gordon, a 7-Eleven franchisee in Elmira Heights, NY, told local NBC affiliate WETM. \u201cThe most we\u2019ve been able to get is $122.\u201d<\/p>\n

Supermarket chain Meijer has reportedly taken a different app<\/a>roach by banning cash payments in its self-checkout lanes until the shortage ends. The Michigan-based company is still accepting bills at its staffed cash registers, according to MLive.com.<\/p>\n

\u201cWhile we understand this effort may be frustrating to some customers, it\u2019s necessary to manage the impact of the coin shortage on our stores,\u201d Meijer spokesman Frank Guglielmi told MLive.com.<\/p>\n

Fed chairman Jerome Powell recently told lawmakers that the shortage was likely temporary. Coin circulation was starting to improve as states eased lockdowns meant to control the deadly coronavirus, he said at a hearing last month.<\/p>\n

\u201cStores have been closed. The whole system of flow had come to a stop,\u201d Powell told the House Financial Services Committee. \u201cAs the economy reopens, we\u2019re seeing coins begin to move around again.\u201d\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Source<\/a><\/span><\/p>\n

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“#National coin shortage has retailers pleading for exact change” July 1, 2020 | 12:58pm The coronavirus crisis has sparked a nationwide coin shortage that reportedly has retailers pleading with customers for exact change. The Federal Reserve revealed last month that the pandemic had \u201csignificantly disrupted\u201d the supply chain and circulation patterns for America\u2019s metal money….<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[30468],"class_list":["post-18957","post","type-post","status-publish","format-standard","hentry","category-general","tag-national-coin-shortage-has-retailers-pleading-for-exact-change"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/18957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=18957"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/18957\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=18957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=18957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=18957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}