Down1
18th June 2020, 03:14 PM
Due to Corona allegedly.
Federal Reserve Chair Jerome Powell told lawmakers on Wednesday that the circulation of coins across the US economy ground to a halt due to the pandemic.
"What's happened is that with the partial closure of the economy, the flow of coins through the economy ... it's kind of stopped," Powell told lawmakers. He said the shortage was due to the mass business closures that prevented people from spending their coins, as well as a lack of places that are open where people can trade coins for paper bills.
https://www.businessinsider.com/us-coin-shortage-federal-reserve-step-in-powell-coronavirus-ration-2020-6
Federal Reserve Chair Jerome Powell told lawmakers on Wednesday that the circulation of coins across the US economy ground to a halt due to the pandemic.
"What's happened is that with the partial closure of the economy, the flow of coins through the economy ... it's kind of stopped," Powell told lawmakers. He said the shortage was due to the mass business closures that prevented people from spending their coins, as well as a lack of places that are open where people can trade coins for paper bills.
https://www.businessinsider.com/us-coin-shortage-federal-reserve-step-in-powell-coronavirus-ration-2020-6