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Another consequence of the pandemic: a nationwide shortage of coins
Read full article: Another consequence of the pandemic: a nationwide shortage of coinsThere's a coin shortage in the US. Whats being doneTo mitigate the coin shortage, the Federal Reserve Banks began the "strategic allocation of coin inventories" this week to evenly distribute coins across banks and credit unions. Those "strategic allocation" measures include imposing order limits based on the historic order volume of those coins and how many coins the US Mint is currently producing. In the meantime, the Federal Reserve is working with the Mint to produce more coins and lift supply constraints. Federal Reserve officials believe the shortage is temporary, Powell said.