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And now - a coin shortage
[ClickOrlando] Coin deposits from institutions, like banks, to the Federal Reserve have declined significantly the past few months.The U.S. mint said its production of coins has also decreased due to measures put in place to protect its employees from the coronavirus. With Federal Reserve coin orders starting to increase as regions reopen, the coin inventory is at below normal levels. Officials at the Federal Reserve say they're working to lessen the effects of the shortage to minimize supply constraints and maximize production. The agency is managing how it distributes the coins it does have and is encouraging institutions to only order enough coins to meet consumer demand. Federal Reserve officials say they’re confident the coin shortage will be resolved once more of the economy opens and coins go back to being circulated as usual. Related: Federal Reserve: 2020-05-27 Dems' Nov. Nightmare: Obama Economic Advisor predicts Federal Reserve: 2020-05-23 Will The Political Class Ever Be Held Liable For What They've Done? Federal Reserve: 2020-05-19 Here's what it will take for the stock market to hit a new record within 2 months Related: Coins: 2020-03-21 We are about to find out how robust civilisation is Coins: 2019-12-20 UN peacekeepers in Haiti ‘fathered hundreds of babies' then abandoned mothers Coins: 2019-10-09 Palestinians caught trying to smuggle rare, ancient coins out of Gaza Posted by: Procopius2k 2020-07-17 |
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