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Can You Spare Some Change? | A Broader Perspective of the US Coin Shortage

Posted by Larry Pruss on Aug 30, 2020 10:00:00 AM

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By now, Americans across the country have seen makeshift signs at cash registers requiring exact change or “offering” to change coins for bills, free of charge.

A few Chick-Fil-A locations have even begun offering a free sandwich to customers who bring in $10 of coins, to replenish their cash drawers. There have also been reports of some institutions offering an extra $5 for every $100 of rolled coins.

The “national coin shortage” has become so severe, the Fed has convened a task force to identify solutions and limit the economic impact.

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Topics: Contactless Payments, Contactless, Digital, Coin Shortage

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