Pennies, nickels, dimes and quarters part of latest COVID-19 shortage

Close-Up Of Coins In Glass Jar On Blue Background

Close-Up Of Coins In Glass Jar On Blue Background

If you don’t have change jingling around in your pockets right now, you can blame the coronavirus pandemic.

Federal Reserve Chair Jerome Powell said the COVID-19 outbreak has led to a coin shortage.

The Federal Reserve said coin deposits have declined as did the production of coins by the U.S. Mint as it rolled out measures to protect employees.

Banks, like other businesses, were closed over the past months to stop the spread of the illness.

Also adding to the shortage, businesses have been encouraging customers to use contactless payments instead of cash to help stop the spread of the virus.

Recently, the Federal Reserve alerted banks that they would only get a small part of their coin order and that they may run out.

The government said the shortage is temporary, and “as the economy reopens, we’re seeing coins begin to move around again,” Powell said.

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