Major coin shortage affects the nation - some companies are trying to provide some relief by buying change from customers.
1st American Reserve has noticed the many articles about the coin shortage issues spreading across the nation. Are you aware how you can help with this problem? Below are some excerpts from some articles discussing the issue.
From Fox Business: A Chick-fil-A in Virginia is offering customers food vouchers in exchange for coins to avoid going cashless amid a nationwide coin shortage due to the coronavirus pandemic.
For every $10 of rolled coins, customers will receive the same value in paper bills in addition to a Chick-fil-A card for a free entree during select hours on Wednesday.
In a virtual hearing last month, Federal Reserve Chairman Jerome Powell said that the flow of coins has "kind of stopped" as a result of consumers not going to stores and businesses facing lockdowns.
From New Jersey 101.5 news: According to news reports and social media posts, stores like Wawa, Rite-Aid, and Lowes are all warning customers to have exact change or use a debit/credit card for purchases. According to the New York Post, the US Mint has slowed production of coins to protect workers and bank deposits of coins have been reduced because of all the business closures resulting in fewer coins being circulated.
Read More: There’s a coin shortage in New Jersey | https://nj1015.com/theres-a-coin-shortage-in-new-jersey/?utm_source=tsmclip&utm_medium=referral
The coin shortage is happening right here in 1st American Reserve's home town - the local Checkers Drive-In (sells Burgers - Fries - Cola – Wings) has posted a sign in their order window stating, "We're sorry but we are often unable to provide proper change to our cash paying custermers because of a national coin shortage."
Trackbacks
No Trackbacks
Comments
Display comments as Linear | Threaded