Pennies from Heaven best hope to alleviate coin shortage.
Under the heading of unanticipated consequences, the Outer Banks and the nation are experiencing severe coin shortages because of supply chain problems caused by COVID-19. Kari Pugh, writing in OBX Today, explains what’s happening and how it’s affecting the Outer Banks.
“If you’ve been out and about lately, you’ve probably encountered signs at registers announcing a national change shortage, or found that the self-checkout will take only credit and debit cards.
Welcome to another impact from the COVID-19 pandemic.
The national shutdown “has significantly disrupted the supply chain and normal circulation patterns for U.S. coin,” the Federal Reserve said in a recent statement. “In the past few months, coin deposits from depository institutions to the Federal Reserve have declined significantly and the U.S. Mint’s production of coin also decreased due to measures put in place to protect its employees.”
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