Coin Shortage Due to Covid-19 Shutdowns

Posted in: Madison Park

https://www.cnn.com/2020/06/18/us/us-coin-shortage-coronavirus-trnd/index.html

 

 

(CNN)Masks were the first to go. Then toilet paper flew off shelves. And while Americans are being nickel-and-dimed with coronavirus-related costs in a shaky economy, the latest national shortage includes, well, nickels and dimes.

There's a coin shortage in the US.
"What's happened is that, with the partial closure of the economy, the flow of coins through the economy has gotten all — it's kind of stopped," Federal Reserve chairman Jerome Powell said during a virtual hearing with the House Financial Services Committee on Wednesday.
That's because the supply chain that coins usually flow through has been interrupted during the pandemic, Powell said.
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