Time to Cash in Your Coins! Banks are Reporting a Serious Change Shortage
WASHINGTON - JANUARY 12: New U.S. nickels are shown on display at an unveiling ceremony January 12, 2006 in Washington, DC. The new nickel, last of the Westward Journey Nickel Series, is the first U.S. coin featuring the image of a president facing forward instead of in profile. (Photo by Alex Wong/Getty Images)
First it was toilet paper, then soap, now dimes?
According to the Federal Reserve, the coronavirus pandemic has caused a nationwide coin shortage. Their statement points out that the drastic change in economic spending habits “coin deposits from depository institutions to the Federal Reserve have declined significantly.”
If you think this disruption of the supply chain and circulation patterns don’t affect you, just listen to this banker who called in begging for people to cash in their change, it’s making her job tougher with every passing day:
Marisa Magnatta, Producer at The Preston & Steve Show, has clocked-in two decades at 93.3 WMMR, Philly. She’s your source for everything Philly, concert, sports fan, restaurant or Preston & Steve Show related.
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