The Latest Pandemic Shortage is Coins

The Federal Reserve has been forced to ration distribution of pennies, nickels, dimes and quarters.

 

Throughout the pandemic, most goods in short supply took the form of consumables like toilet paper and disinfecting wipes.

But even durable goods like exercise equipment and bicycles have become hard to find.

The latest shortage is one you’d probably never consider: banks say they’re running out of coins.

The Federal Reserve has been forced to ration distribution of pennies, nickels, dimes and quarters because shutdowns have nearly halted their flow.

Compounding the problem, the U.S. Mint had slowed production of coins in an effort to keep employees safe.

Due to the shortage, the Federal Reserve is now working with the Mint to increase supply.

Meanwhile, banks will continue to receive only a portion of their usual coin orders, and Americans leaving their homes may want to think about bringing correct change.

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